Chick-fil-A - Norfolk, VA

6282 Northampton Blvd
Norfolk , VA 23502-5510

Chick-fil-A - Norfolk, VA - Retail for sale

Investment Highlights


The Asset is slated to be delivered in mid-December 2018 and features a new 15-year absolute NNN ground lease with zero landlord responsibilities and in-place rental escalations of 10% every 5 years.

Brand new 15-year lease term is easily financeable and ensures reliable future cash flow.


Chick-fil-A leads all QSR tenants in average unit sales, with each restaurant averaging over $4.1 million in revenues annually.

All locations are corporate owned and guaranteed, operated locally by an “operator” who runs a single store and shares in the profits, similar to a franchise arrangement. 


Norfolk is the second-largest city in Virginia with a population of over 1.6 million residents within the metropolitan area.

Home to a bustling and diversified economy, Norfolk is home to Naval Station Norfolk, the base of the Atlantic Naval Fleet and over 62,000 active-duty Navy personnel.

Other major maritime economic drivers include Huntington Ingalls Industries, BAE Systems, Norfolk International Terminals, General Dynamics, Norfolk Naval Shipyard, and the Virginia Port Authority.


The Asset is immediately proximate to Norfolk Premium Outlets, a 332,000 square-foot high-end outlet mall completed in June 2017 by Simon Property Group and already 80% occupied by tenants such as Levi’s, North Face, Armani Exchange, Banana Republic, and Nike.

Other local traffic drivers include Norfolk Academy, Lake Taylor High School, and Norfolk International Airport.

Broker of Record - Steven T Ranck, VA License #0225206604

Property Type Retail
Tenure Type Sale / Purchase
Property Address 6282 Northampton Blvd, Norfolk, VA 23502-5510
Land In Acres 1.6
Building Size 4,996  ft2
Price 3,250,000
Cap Rate 4.00%
Current NOI $130,000.00
Tenant's Name Chick-fil-A Inc
Lease Type NNN
Annual Rent $130,000.00
Lease Expiration Date 02/28/2034
Remaining Term 15Yrs

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