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Dark 7-Eleven 10185 Warwick Blvd 2,436 SF Retail Building Newport News, VA 23601 $600,000 ($246.31/SF) 7.20% Cap Rate
Investment Highlights
- Value Add Opportunity: ±2,436 SF former 7-Eleven on a±0.3-acre lot with two years of lease term remaining, offering a clear path for repositioning, re
- Hard signalized corner site: Positioned at the signalized intersection of two major roads offering maximum exposure and convenient access
- Strong Demographics: Over 155,306 residents within 5-mile radius with stable population growth and favorable consumer demographics supporting future r
- Flexible Freestanding Asset: Flexible freestanding asset: ±0.30-acre parcel with on-site parking and a retail-adaptable layout supporting multiple alt
- Two year income with upside: Tenant remains responsible for rent throughout the remainder of the lease term, providing stable cash flow while planning
- Exit Flexibility: Ideal for investors seeking short-term income with upside potential, as well as developers pursuing a prime redevelopment site at a
Executive Summary
Broker of Record
Kyle Matthews
License # 226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,436 SF
Building Class
C
Year Built
1966
Price
$600,000
Price Per SF
$246.31
Cap Rate
7.20%
NOI
$43,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.30 AC
Zoning
Commercial - Commercial
Parking
13 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
124’ on Raleigh Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 266.00-06-40 | Improvements Assessment | $221,600 |
| Land Assessment | $164,400 | Total Assessment | $386,000 |
Property Taxes
Parcel Number
266.00-06-40
Land Assessment
$164,400
Improvements Assessment
$221,600
Total Assessment
$386,000
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Dark 7-Eleven | 10185 Warwick Blvd
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