Prime Hampton Roads (City of Chesapeake) Property Available for BTS or Ground Lease Southeast Corner of Airline Blvd & Ahoy Rd. Chesapeake, VA SITE
Table of Contents FOR FURTHER INFORMATION Hudson Rogers office 843.203.1658 mobile 843.442.3978 web hudson@twinriverscap.com 125-G Wappoo Creek Drive Charleston, SC 29412 phone (843) 722.9925 fax (843) 722.9947 web twinriverscap.com SE Corner of Airline Blvd. & Ahoy Rd. Chesapeake, VA Locator Map... 3 Locator Map... 4 Property Information...5 High Aerial...6 Low Aerial... 7 Site Aerial... 8 Demographics...9 Business Overview... 10 About Us... 11
CHESAPEAKE, VA Locator Map
SITE Locator Map
Property Information Property and Location Highlights AIRLINE BLVD. & AHOY RD. This property is available as a build to suit or ground lease opportunity. Surrounded by rooftops with an elementary and middle school within a 3-minute drive, this site provides easy access for residents, with the next closest amenities being a mile east on Airline Blvd. > BUILD TO SUIT OR GROUND LEASE OPPORTUNITY > 0.91 ACRE FULL ACCESS HARD CORNER SITE AT A LIGHTED INTERSECTION > 215 OF FRONTAGE ON AIRLINE BLVD. AND 197 OF DEPTH CHESAPEAKE, VA Chesapeake is included in the Virginia Beach Norfolk Newport News, VA NC MSA and is the third-most populous city in Virginia. Chesapeake is home to more than 240,000 residents and 8,000 businesses. Over 50 international companies from 19 different countries have chosen to call Chesapeake home, attracted by its position as a regional transportation hub comprised of highways, rail service, international air service, and one of the most important commercial shipping ports worldwide. > ZONED B-1 IN THE CITY OF CHESAPEAKE > DENSE INFILL LOCATION SURROUNDED BY ROOFTOPS > VPD ON AIRLINE BLVD = 11,000 > DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 2018 7,930 52,832 141,804 Projected Population 2023 8,310 53,911 144,922 Average HHI $66,015 $71,869 $69,700 0.91 ACRE 215 FRONTAGE 11,000 VPD
High Aerial Edwin W. Chittum Elementary School 739 students Jolliff Middle School 726 students Southwestern Elementary School 561 students SITE Lakeview Elementary School 464 students
Low Aerial SITE Airline Blvd. = 11,000 VPD Ahoy Dr.
Site Aerial Airline Blvd. = 11,000 VPD SITE
Demographics DEMOGRAPHICS The total population of Chesapeake is 241,638, and the total number of employees is 103,431. The median age is 36.35. Households in Chesapeake earn a median yearly income of $76,010, with household expenditures averaging $67,213 per year. LABOR FORCE Since 2003, Chesapeake s employment growth rate has been among the Top 50 nationally. The total number of employers has increased by more than double the national average. The number of workers has increased by more than 12 percent, and total wages have tripled the national average. 241,638 36 TOP 50 2X TOTAL POPULATION OF CHESAPEAKE MEDIAN AGE EMPLOYMENT GROWTH RATE (nationally) NATIONAL AVERAGE INCREASE FOR TOTAL EMPLOYERS $76,010 $67,213 12% 3X MEDIAN YEARLY INCOME AVERAGE HOUSEHOLD EXPENDITURES INCREASE IN NUMBER OF WORKERS NATIONAL AVERAGE FOR TOTAL WAGES
Business Overview BUSINESS Chesapeake has a total of 8,162 businesses. In 2017, the leading industries in Chesapeake were Retail (17,298 jobs), Health Care and Social Services (12,472), Professional, Scientific, and Technical Services (10,158), and Accommodation and Food Services (10,051). Over 50 international companies from 19 different countries have chosen to call Chesapeake home, due in part to its excellent transportation system. TRANSPORTATION Chesapeake is a regional transportation hub comprised of highways, rail service, international air service, and one of the most important commercial shipping ports worldwide. Located within 750 miles of two-thirds of the nation s population and industrial production, the city s regional transportation hub consists of major west, north and south interstate highways, extensive rail service and 120 miles of commercial waterfront with 12 miles of deep draft channels. 8,162 50+ HIGHWAY PORT TOTAL BUSINESSES INTERNATIONAL COMPANIES MAJOR WEST, NORTH & SOUTH INTERSTATES AMONG THE MOST IMPORTANT PORTS WORLDWIDE LEADING INDUSTRIES (# of jobs) 17,298 Retail 10,158 Professional, Scientific & Technical 120 12 12,472 10,051 MILES OF COMMERCIAL WATERFRONT MILES OF DEEP DRAFT CHANNELS Health Care & Social Services Accommodation & Food
About Us TRC provides national retailers with a comprehensive solution for growing their business by developing new locations. TWIN RIVERS CAPITAL, LLC Twin Rivers Capital, LLC is a privately held real estate investment, development and brokerage company, founded in 2002 and headquartered in Charleston, SC. Focusing on the growth regions of the Southeastern US, TRC provides national retailers with a comprehensive solution for adding new locations. TRC has developed more than 1.2 million SF of real estate with values of nearly $200 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, TN and AL. Build to Suit JV Programs Preferred Developers for National Retailers Brokerage Fee Development Programs YOUR TWIN RIVERS CAPITAL CONTACT Hudson Rogers Hudson manages every phase of the development process including deal creation/site acquisition, tenant coordination, due diligence, design, entitlement, financing, construction management, and project disposition for multiple developments across the Southeast. Hudson has been in the commercial real estate industry for over a decade. He has completed a high number of transactions and has true ground up experience spanning property management, general commercial brokerage, and, most extensively, commercial development. Before joining TRC, Hudson worked in commercial brokerage with NAI Avant where he specialized in retail leasing and investment sales. Hudson is an active member of the International Council of Shopping Centers and a CCIM candidate. OFFICE 843.203.1658 MOBILE 843.442.3978 EMAIL WEB hudson@twinriverscap.com twinriverscap.com Client Roster FAMILY DOLLAR AUTOZONE MCDONALD S VERIZON WALMART DOLLAR TREE DICK S AT&T HOBBY LOBBY STARBUCKS DUNKIN DONUTS EDWARD JONES