5357 E Princess Anne Rd
Norfolk, VA 23502
7-Eleven & Barbershop · Retail Property For Sale

Stable rental increases throughout initial terms and options to create a hedge against inflation. 7-Eleven has 10% rental increases every five (5) years while the barbershop has 2% annual increases The subject property is located: -About one (1) mile from Norfolk International Airport which accommodates over 3,200,000 passengers annually, making it the fourth-busiest airport in the state of Virginia -About one (1) mile from the newly constructed Norfolk Premium Outlets which is a 332,000 square foot outlet center in the heart of the Coastal Virginia region. The center currently has over 65 tenants and will eventually feature 90 designer and name-brand stores -About two (2) miles from the Military Circle Mall which contains 68 shop spaces across nearly 1,000,000 square feet of retail floor area National tenants located within a 1.5-mile radius, including: Home Depot, Walmart Supercenter, Target, PetSmart, IHOP, Chick-fil-A, Wendy’s, KFC, Wells Fargo, Pep Boys, Farm Fresh, Party City, The UPS Store, Ruby Tuesday, Lowe’s Home Improvement, Walgreens, Hooters, Starbucks, Taco Bell, Panera Bread, Burger King, Sonic, Tropical Smoothie Cafe, Uptown Buffet, Chipotle, Logan’s Roadhouse, and more