Morgan Property Group, LLC is pleased to announce the sale of a freestanding Cook-Out restaurant at the northwest corner of Boulevard (U.S. 1) and Dupuy Avenue in Colonial Heights, Virginia. This was the first Cook-Out developed in the state of Virginia.
MPG, through its affiliate Boulevard I Realty, LLC, developed the site in 2011, and leased it to Cook Out-Colonial Heights, Inc. This location features a 1,144 sq.ft. restaurant with double drive-thru lanes and a walk-up window. The restaurant has cross access with a Walgreens drugstore to the north, which the company also developed, and Wawa gas station to the south. On February 4, 2015, the tenant exercised their option to purchase the property.
“We were excited to be a part of Cook-Out’s introduction into the Virginia marketplace, and we wish them continued success at this location,” said Trey Morgan, President of MPG.
For over thirty-seven years, Morgan Property Group has been in the commercial real estate development and brokerage business. MPG focuses on neighborhood shopping centers, multi-tenant buildings, and single-tenant projects anchored by a variety of national and regional retailers. The company and its affiliates are developing multiple retail, mixed use, and urgent care medical projects throughout the Mid-Atlantic and Southeast. To find out more, follow Morgan Property Group on Facebook and Twitter @MPG_Development or visit our website at www.morganpg.com.
Cook-Out is a privately owned fast food restaurant chain founded in North Carolina, with over 160 locations throughout North Carolina, Tennessee, South Carolina, Georgia, Virginia, West Virginia and Kentucky. The restaurant specializes in grilled hamburgers and hotdogs, chicken sandwiches, North Carolina barbecue, and is also known for its variety of “Creamery Premium” milkshakes.