Chuck E. Cheese

Chuck E. Cheese

Fredericksburg, VA

Fredericksburg, VA

Chuck E. Cheese

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. Brian Hosey; Broker of Record; 7200 Wisconsin Ave., Suite 1101; Bethesda, MD 20814; P: (202) 536-3700; Lic #: 0225247494

Price $2,699,000
Cap Rate 6.05%
Building Size 10,578 sqft
Lot Size 2.09 acres
Year Built 1999
Offering Memorandum

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172
Duke.Dennis@marcusmillichap.com

 

  • 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

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

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