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7-Eleven (Dark) - Owner/User Opportunity 5357-5359 E Princess Anne Rd 4,203 SF 100% Leased Retail Building Norfolk, VA 23502 $795,000 ($189.15/SF) 12% Cap Rate
Investment Highlights
- Perfect Value-Add Repositioning, Redevelopment, or Owner/User Opportunity
- 7-Eleven was Reporting $2.2M in Sales in 2017
- Property has Drive-Thru Capability
- 20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
- Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
Executive Summary
Perfect Value-Add Repositioning, Redevelopment, or Owner/User Opportunity
Property has Drive-Thru Capability
7-Eleven (Dark) Has 2.5 Years Remaining on the Lease
Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
7-Eleven was Reporting $2.2M in Sales in 2017
20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
Property has Drive-Thru Capability
7-Eleven (Dark) Has 2.5 Years Remaining on the Lease
Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
7-Eleven was Reporting $2.2M in Sales in 2017
20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,203 SF
Building Class
C
Year Built
1968
Price
$795,000
Price Per SF
$189.15
Cap Rate
12%
NOI
$95,380
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.51 AC
Zoning
B-1
Parking
7 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
101’ on E Princess Anne Rd
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Kulture Kutz
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kulture Kutz | Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 37744100 | Improvements Assessment | $322,600 |
| Land Assessment | $110,800 | Total Assessment | $433,400 |
Property Taxes
Parcel Number
37744100
Land Assessment
$110,800
Improvements Assessment
$322,600
Total Assessment
$433,400
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7-Eleven (Dark) - Owner/User Opportunity | 5357-5359 E Princess Anne Rd
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