Miscellaneous
Chuck E. Cheese
1280 Central Park Blvd, Fredericksburg, VA 22401
Listing Price: $2,699,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Chuck E. Cheese in Fredericksburg, VA. The property consists of a 10,578-square-foot, freestanding building that sits on approximately 2.09 acres of land. There are 16.5 years remaining on the lease with 10% rental increases every five years.
Chuck E. Cheese
Investment Highlights
- Corporate Triple-Net Lease with 16.5 Years Remaining – 10 Percent Rent Increases Every Five Years
- Signalized Hard Corner Location on Central Park Boulevard (22,843 VPD)
- Directly Next to Central Park, One of the Largest Open-Air Shopping Centers on the East Coast
- Large 2.09 Acre Parcel with Ample Parking and Multiple Access Points
- Nationwide Brand with Nearly 600 Locations, $1.2 Billion in Annual Revenue, and Eight Consecutive Months of Same-Store Sales Growth
- More Than 132,420 Residents and an Average Household Income of $125,181 Within a Five-Mile Radius
- One of the Fredericksburg Region's Primary Commercial Corridors, Anchored by Multiple Power Centers and Spotsylvania Towne Centre
- Strategic Location between Washington, D.C., and Richmond, VA
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Listing Price: $2,699,000
Investment Highlights
- Corporate Triple-Net Lease with 16.5 Years Remaining – 10 Percent Rent Increases Every Five Years
- Signalized Hard Corner Location on Central Park Boulevard (22,843 VPD)
- Directly Next to Central Park, One of the Largest Open-Air Shopping Centers on the East Coast
- Large 2.09 Acre Parcel with Ample Parking and Multiple Access Points
- Nationwide Brand with Nearly 600 Locations, $1.2 Billion in Annual Revenue, and Eight Consecutive Months of Same-Store Sales Growth
- More Than 132,420 Residents and an Average Household Income of $125,181 Within a Five-Mile Radius
- One of the Fredericksburg Region's Primary Commercial Corridors, Anchored by Multiple Power Centers and Spotsylvania Towne Centre
- Strategic Location between Washington, D.C., and Richmond, VA
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Chuck E. Cheese in Fredericksburg, VA. The property consists of a 10,578-square-foot, freestanding building that sits on approximately 2.09 acres of land. There are 16.5 years remaining on the lease with 10% rental increases every five years.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
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