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1574 Old Buckroe Rd 2,520 SF Retail Building Hampton, VA 23664 $1,660,000 ($658.73/SF) 5.25% Cap Rate
Investment Highlights
- 7-Eleven recently extended the lease, showing their continued commitment to this location
- Very strong store sales trending upward, year over year
- Located at a traffic light regulated intersection
- Beach store - well located less than 1 mile from Buckroe Beach - perfect pit stop for snacks, drinks, and beach essentials
- Strong demographics with 14,000 residents within a 1 mile radius
- Nearby retailers include Food Lion, Dollar General, Advance Auto Parts, O’Reilly Auto Parts and more
Executive Summary
This property represents a "perfect storm" of ideal factors for an investor:
- Long term lease with below market rent contributes to a low price point deal and added security for a landlord in a period of high inflation
- National Corporate Tenant with a track record of commitment to the location
- Strong store sales that are trending upward, year over year
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
-
Jan 0000
7-Eleven began in 1927 and grew from an early convenience concept into a global convenience retailer. The company operates, franchises, and licenses a broad store network in the United States and Canada, and its brand family includes Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits. 7-Eleven also offers proprietary services and products such as 7NOW, 7Rewards, Speedy Rewards, and 7-Eleven Fleet, reflecting a business that spans retail, foodservice, fuel, and digital convenience. The company presents itself as the world’s first convenience retailer and continues to focus on serving customer needs across its store and brand portfolio.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12006168 | Improvements Assessment | $646,600 |
| Land Assessment | $249,000 | Total Assessment | $895,600 |
Property Taxes
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1574 Old Buckroe Rd
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