Property Highlights
- Passive Income – Absolute NNN Ground Lease
- Strong Shadow Anchor – Edinburgh North ranks in the top 22% of shopping centers in VA and the entire US based on foot traffic
- Strong Corporate Guaranty from National Brand – Blazin Wings, Inc. (subsidiary of Buffalo Wild Wings) | Founded in 1982, BWW has grown to over 1,270 locations in all 50 states and was ranked the 22nd best restaurant chain in 2020
- Dense & Growing Retail Corridor – Within a 1-mile radius of the property is over 621,000 SF of retail with a vacancy rate of only 1.00% | National Retailers include Target, The Home Depot, Walmart, Chick-Fil-A, and McDonald’s
- High Income Trade Area – Average household income of $169,000 within a 1-mile radius | $144,000 within a 3-mile radius | $132,000 within a 5-mile radius
- Chesapeake Growth – Located in one of the fastest growing submarkets in the US | Affluent suburb with 12% annual population growth rate over the last 10 years within a 1-mile radius of the property
- Attractive Rental Increases – 10% rent increases during each renewal option period
- Commitment to Location – Tenant’s recent exercise of their first renewal option showcases their commitment and past success at this location over the past 12+ years
- Booming Surrounding Area – Edinburgh Commons South – 61 acre mixed use development | Hickory Manor & Landing – 600 Residential home development | Sentara Healthcare Phase II – 80,000 SF development for a total of 140,000 SF