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Grocery Store

US Foods Chef'Store - 15 Yr Corporate Lease

2535 Wards Rd, Lynchburg, VA 24502

Listing Price: $7,995,600

Cap Rate
5.00%
Tenant Name
US FOODS, INC.
Years Remaining On Lease
14.6
Gross SF
23,939
Guarantor
Corporate Guarantee
Rentable SF
23,939
Price/Gross SF
$334.00
Lease Type
Double Net
Rent Per Square Feet
$16.70

Investment Overview

US Foods CHEF’STORE offers a customer-centric, warehouse-format shopping experience for wholesale food and restaurant supplies at competitive prices. Designed as a one-stop-shop for restaurant operators and food service professionals, CHEF’STORE is also an option for non-profit organizations and the public, with no membership required. CHEF’STORE locations feature thousands of food products, including fresh meat, seafood, produce, dairy, and deli items. Customers are also able to shop for grocery products, beverages, catering essentials, janitorial supplies, and other restaurant essentials. CHEF’STORE is owned by US Foods and operates 80 locations in 12 states. Lynchburg is a city in the Commonwealth of Virginia, home to over 79,000 residents. Spanning 50 square miles, Lynchburg is located near the geographic center of the state, bordered by the eastern edge of the Blue Ridge Mountains. Along with its geographically central location, the city lies at the center of the fifth largest metropolitan area in Virginia with a population of approximately 261,600. With its location at the foothills of the Blue Ridge Mountains and alongside the James River, the city is often referred to as the “City of Seven Hills.”

Investment Highlights

  • New 15-Year Lease - Guaranteed by US Foods, Inc. (NYSE: USFD)
  • 10 Percent Rental Increases Every Five Years
  • CHEF'STORE has Over 80 Locations Nationwide
  • 95,931 Residents Within a Five-Mile Radius in Growing Lynchburg Trade Area
  • College Town Location Adjacent to Central Virginia Community College and Liberty University (Over 100,000 Students)
  • Across from River Ridge Mall, Anchored by Dick's Sporting Goods, Belk, JCPenney, and Regal Movie Theater
  • Easily Accessible Location Near Several Main Highways and Thoroughfares - Wards Road (US-29), Lynchburg Expressway (US-501), and Richmond Highway (US-460)
  • Visible to a Combined 78,000 Cars per Day Along Wards Road and Lynchburg Expy

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Grocery Store

US Foods Chef'Store - 15 Yr Corporate Lease

Listing Price: $7,995,600

Cap Rate
5.00%
Tenant Name
US FOODS, INC.
Years Remaining On Lease
14.6
Gross SF
23,939
Guarantor
Corporate Guarantee
Rentable SF
23,939
Price/Gross SF
$334.00
Lease Type
Double Net
Rent Per Square Feet
$16.70

Investment Highlights

  • New 15-Year Lease - Guaranteed by US Foods, Inc. (NYSE: USFD)
  • 10 Percent Rental Increases Every Five Years
  • CHEF'STORE has Over 80 Locations Nationwide
  • 95,931 Residents Within a Five-Mile Radius in Growing Lynchburg Trade Area
  • College Town Location Adjacent to Central Virginia Community College and Liberty University (Over 100,000 Students)
  • Across from River Ridge Mall, Anchored by Dick's Sporting Goods, Belk, JCPenney, and Regal Movie Theater
  • Easily Accessible Location Near Several Main Highways and Thoroughfares - Wards Road (US-29), Lynchburg Expressway (US-501), and Richmond Highway (US-460)
  • Visible to a Combined 78,000 Cars per Day Along Wards Road and Lynchburg Expy

Investment Overview

US Foods CHEF’STORE offers a customer-centric, warehouse-format shopping experience for wholesale food and restaurant supplies at competitive prices. Designed as a one-stop-shop for restaurant operators and food service professionals, CHEF’STORE is also an option for non-profit organizations and the public, with no membership required. CHEF’STORE locations feature thousands of food products, including fresh meat, seafood, produce, dairy, and deli items. Customers are also able to shop for grocery products, beverages, catering essentials, janitorial supplies, and other restaurant essentials. CHEF’STORE is owned by US Foods and operates 80 locations in 12 states. Lynchburg is a city in the Commonwealth of Virginia, home to over 79,000 residents. Spanning 50 square miles, Lynchburg is located near the geographic center of the state, bordered by the eastern edge of the Blue Ridge Mountains. Along with its geographically central location, the city lies at the center of the fifth largest metropolitan area in Virginia with a population of approximately 261,600. With its location at the foothills of the Blue Ridge Mountains and alongside the James River, the city is often referred to as the “City of Seven Hills.”

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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