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2105 Salem Rd
Virginia Beach, VA 23456
7-11 Corporate · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Convenience Store
Building Size
8,000 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.92 AC
Zoning
B2
Parking
15 Spaces
Frontage
Amenities
- Pylon Sign
About 2105 SALEM RD , VIRGINIA BEACH, VA 23456
Corporate Guaranteed 7-11 Ground Lease. 11 yrs remaining on initial 20 year term. There is a 10% rent increase in 2017 and in 2020. Also 10% rent bumps in the option years to follow.Exceptional construction, corner location with 6 gas pumps. Brand new CVS immediately across the street. Purchased at $2,925,000would be a 5.2% Cap current and rising to 5.7% Cap in Sept 2017. Virginia Beach Virginia. Corner location, lighted 4 way intersection. Surrounded by roof tops and across the street from a brand new CVS.
Property Taxes
| Parcel Number | 1474-87-9757 | Improvements Assessment | $642,000 |
| Land Assessment | $807,600 | Total Assessment | $1,449,600 |
Property Taxes
Parcel Number
1474-87-9757
Land Assessment
$807,600
Improvements Assessment
$642,000
Total Assessment
$1,449,600
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