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343 Woodland Rd
Hampton, VA 23669
7-Eleven Woodland Rd Hampton · Retail Property For Sale
Investment Highlights
- Triple net lease with annual CPI increases
- Signalized intersection with 13,000 VPD
- Long-standing successful location
Executive Summary
NNN Lease with annual CPI increases in rent of 7.8% in 2022 and 6.0% in 2023
Long-standing successful location
Current lease term expires 1/28/2028 with four (4) 5-year options
Corporate guarantee from Global Montello Group (franchisee with 300+ locations)
Net Operating Income [NOI] in Yr1 - $91,511
Signalized intersection with 13,000 Vehicles Per Day
Long-standing successful location
Current lease term expires 1/28/2028 with four (4) 5-year options
Corporate guarantee from Global Montello Group (franchisee with 300+ locations)
Net Operating Income [NOI] in Yr1 - $91,511
Signalized intersection with 13,000 Vehicles Per Day
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,840 SF
Building Class
C
Year Built
1983
Price
$1,525,000
Price Per SF
$536.97
Cap Rate
6%
NOI
$91,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.55 AC
Zoning
0
Parking
10 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 12000248 | Improvements Assessment | $992,100 |
| Land Assessment | $192,700 | Total Assessment | $1,184,800 |
Property Taxes
Parcel Number
12000248
Land Assessment
$192,700
Improvements Assessment
$992,100
Total Assessment
$1,184,800
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