This Retail Property is no longer advertised on LoopNet.com.

1115 Colonial Ave
Norfolk, VA 23507
7-Eleven · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,811 SF
Building Class
B
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.30 AC
Zoning
HCG2 - designed to accommodate commercial and mixed-use developments along major highways and corridors.
Parking
12 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
129’ on Princess Anne Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

About 1115 COLONIAL AVE , NORFOLK, VA 23507

Investment Grade Tenant: Investment grade credit rating; S&P AA- - Recently extended lease with 5 years remaining - One 5-year option remaining with 10% increases - Absolute NNN lease with no landlord maintenance responsibilities Historically Strong Performing Store: Single digit rent-to-sales ratio Established Location: Successful 45-year operating history Signalized Hard Corner Location: In Norfolk’s historic Ghent District Dense Infill Location: 1-mile population exceeds 38,770 Closest 7-Eleven to Sentara Norfolk General Hospital: 525-bed medical center which serves as the primary teaching institution for the adjacent Eastern Virginia Medical School, both of which are two of Norfolk’s largest employers Closest 7-Eleven to Matthew Fontaine High School: Enrollment exceeds 1,600 students

Property Taxes

Property Taxes

Parcel Number
41139100
Land Assessment
$182,300
Improvements Assessment
$312,300
Total Assessment
$494,600
  • Listing ID: 15287962

  • Date on Market: 2/26/2019

  • Last Updated:

  • Address: 1115 Colonial Ave, Norfolk, VA 23507

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