Retail
For Sale
Contact for pricing
Pending
2524 Chesapeake Square Ring Rd, Chesapeake, VA 23321
Ground lease structure includes a 10-year early extension.
Property Size6,350 SF
Days on Market142
Property Features for 2524 Chesapeake Square Ring Rd
General Information
Standard status
Pending
Size
6,350 SF
Property subtype
Retail
Additional Details
Cap Rate
6.4%
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
This retail property comprises 6,350 SF and is offered through a ground lease structure. The lease includes a 10-year early extension, providing a defined term feature for evaluation.
The property is located at 2524 Chesapeake Square Ring Rd in Chesapeake, Virginia, within the Norfolk, VA MSA. The offering reflects a 6.40% CAP rate.
The property is located at 2524 Chesapeake Square Ring Rd in Chesapeake, Virginia, within the Norfolk, VA MSA. The offering reflects a 6.40% CAP rate.
Key Highlights
- 6,350 SF retail property
- Ground lease structure
- 10‑year early extension
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
843k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Dining 28%
Shops & Services 17%
Apparel 7%
Walmart
Superstores
111,788 visits/mo
0.4 miles
Target
Superstores
96,168 visits/mo
0.3 miles
Sam's Club
Superstores
78,816 visits/mo
0.5 miles
Chick-fil-A
Dining
55,047 visits/mo
0.1 miles
Dollar Tree
Shops & Services
34,152 visits/mo
0.2 miles
Demographics for 23321, VA
37,752
Population
14,836
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
26.7 sq mi
ZIP Area
1,414
Density / Sq Mi
$98,257
Median Household Income
$51,133
Median Earnings
$1,434
Median Rent
$352,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground lease structure includes a 10-year early extension.
Where is this retail space located?
The property is located at 2524 Chesapeake Square Ring Rd Chesapeake, VA.
What are key features of this property?
This property features: 6,350 SF retail property; Ground lease structure; 10‑year early extension
