ERG Property Advisors Closes on Triple Net Leased Dairy Queen in Virginia Beach, VA

ERG Property Advisors is pleased to announce the sale of 1585 General Booth Boulevard, Virginia Beach, VA 23454.

New York (I-Newswire) March 26, 2013 - ERG Property Advisors is pleased to announce the sale of 1585 General Booth Boulevard, Virginia Beach, VA 23454.

The property is a Dairy Queen quick-service restaurant situated on approximately 0.55 acres and is comprised of roughly 833 square feet of total building space. The restaurant has been operating in this location since 1993 and sits along a very dense retail corridor. This Dairy Queen is located in a popular Food Lion anchored shopping center on General Booth Boulevard just minutes from the Virginia Beach and Sandbridge Beach Shore Line.

Dairy Queen is the leading franchise of frozen treat stores with more than 5,900 quick-service restaurants, most of which operate under the Dairy Queen banner. Popular DQ ice cream treats include Blizzards, sundaes, and cones. Many of the stores also serve burgers, fries, and other items.

Andrew Greenberg, Senior Director of Retail for ERG Property Advisors exclusively represented the buyer who acquired the property for his private account. "The combination of Virginia Beach real estate, national tenant, strong daily traffic and the surrounding retail mix made this a perfect fit for the investor looking to capitalize on the passive nature of NNN real estate investments," explained Mr. Greenberg.

The property sold for $1,040,000 which represents a cap rate of 7.50%. Andrew Greenberg, Senior Director of Retail for ERG Property Advisors exclusively brokered this transaction.

For more information about this property, please contact or Andrew Greenberg at (646) 253-0950. His email is

About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG's Retail Division specializes in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage. Visit for recent deals and press coverage.

About ERG Property Advisors

ERG Property Advisors provides the skills, expertise, and professionalism our clients need to capita   More..lize on opportunities in the New York City real estate marketplace. Drawing on the submarket expertise of our professionals as well as the technological advantages of ERGOS, our custom-designed software and proprietary database, we put detailed, comprehensive, and up-to-date information at our clients' fingertips. In addition to sales brokerage of investment properties and retail leasing, we offer critical advisory services to banks, appraisers, attorneys, accountants, and other professionals to support the various roles they play in the real estate industry.Less..

Contact Information

ERG Property Advisors
Matthew Ledvina
20 West 20th Street
Suite 703
Phone : 2128076640

Published in:


Published On:

March 26, 2013

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Global Geotextiles Market Will Hit USD 8.24 Billion by 2020 : Grand View Research has announced the addition of "Global Geotextiles Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.

Alive Advertising Offering Most Economical Digital Billboard Advertising Service Throughout South Africa
"Stopping advertising to save money is like stopping your watch to save time." - Henry Ford.

Social Stores Online - Start Earning More Today
Social Stores Online, home online business package is a boon for people interested in becoming their own boss.

Spectacle Lenses - Top 10 Global Markets Package
This market research report package offers a perspective on the actual market situation, trends and future outlook for spectacle lenses in the top 10 global countries.

Yanz Ltd Offers the Best Bristol Computer Repairs
Bristol Computer repair, web design and similar other solutions and services are provided by Yanz Ltd with a motive of achieving your satisfaction. You will get the best services and solutions from this award-winning company. For more information, fe