(Northbrook, IL- December 15, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Merchant’s Tire property located at 215 Hillcrest Parkway in Chesapeake, Virginia for $3,150,000.
Merchant’s Tire is the sole occupant of the 6,922 square foot retail building that was developed in 2013. The property is located along the Chesapeake Expressway, the primary thoroughfare in the area and a dominant retail corridor. The Merchant’s Tire is positioned as an outparcel to a Walmart Supercenter anchored development surrounded by a number of national retailers such as Target, The Home Depot, Anytime Fitness, Verizon Wireless, Buffalo Wild Wings, Chick-fil-A, McDonald’s and Wawa. The property is located in an affluent area of Chesapeake with average household incomes exceeding $128,000 annually within a three-mile radius. Chesapeake is the third-most populous city in Virginia.
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The Boulder Group Arranges Sale of Single Tenant Net Leased Merchant’s Tire