Plaza Azteca - Williamsburg, VA_Actifs en vente
Plaza Azteca - Williamsburg, VA_Actifs en vente
1430 Richmond Rd suite 910, Williamsburg, VA, 23185, US

Plaza Azteca - Williamsburg, VA

Description de l'actif

JLL is pleased to exclusively offer for sale Plaza Azteca in Williamsburg, VA (the “Property” or the “Asset”) within the greater Virginia Beach-Norfolk-Newport News MSA . The Property is situated within the Shops at High Street, a 98% occupied retail center less than 2 miles down the road from William & Mary College which enrolls more than 9,500 full-time students. Nearly 900 apartment units sit within three blocks of the Property, including the High Street Apartments, a 367-unit, Class-A complex delivered in 2019 directly adjacent to the Property. The Asset’s positioning along Richmond Road provides direct exposure to 24,000 VPD. Williamsburg is an affluent Virginia community nestled between Richmond and Newport News. The Asset’s surrounding 1-mile radius has a population growth of 33% since 2010 and average annual household incomes exceed $123,000 within a 5-mile radius.

Plaza Azteca (the “Tenant”) is a full-service, Mexican restaurant chain with over 60 locations throughout the eastern US region. The Tenant operates on a net lease structure with limited landlord responsibilities and future potential upside, given no contractual lease options remain and the tenant is performing well from a rent-to-sales standpoint. This offering presents a passive income opportunity in a strong growth market near a premier major college campus.

...

Caractéristiques de l'actif

Surface de l'actif Net
512 m²
Occupation
100 %
Année de construction
2009
Taille du terrain Brut
0,05 hectare
Nombre d'unités
1

Média

Points clés d'investissement

  • College town location near the main campus of William & Mary University
  • Directly adjacent to a recently delivered, 367-unit Class-A apartment complex
  • 33% 1-mile population growth since 2010
  • Regional restaurant brand with more than 60 locations
Plaza Azteca - Williamsburg, VA 4_Actifs en vente

Contacter l'équipe

Plaza Azteca - Williamsburg, VA (0 actifs)
Vous avez des questions ? Consultez notre page FAQ
Voir la page FAQArrow Right
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
26 juin 2024