7600 Hampton Blvd
Norfolk, VA 23505
Retail Property For Sale

Real Capital Investments is pleased to offer to qualified investors a freestanding, drive-thru Starbucks situated on approximately 25,642 square feet or 0.588 acres of land. The property is positioned at the southeast corner of the signalized intersection of Hampton Boulevard and Little Creek Road. Traffic counts on Hampton Boulevard exceed 31,000 vehicles per day and traffic counts on Little Creek Road are over 20,000 vehicles per day, providing excellent exposure from the primary north-south thoroughfare in this area. The property is strategically located on the “AM” side of the street, at the entrance of Naval Station Norfolk, the largest naval complex in the world. This is a dense, infill area with over 196,000 people living in a 5-mile radius of the property. The immediate neighborhood is very affluent, with average household income exceeding $88,000 in a 1-mile radius. The property benefits from a high daytime population due to the large number of employees in the area. There are over 58,000 employees within a 3-mile radius and over 198,000 employees with a 5-mile radius of the property. This location is the closest freestanding, drive-thru Starbucks to Old Dominion University, which has over 19,000 undergraduate students enrolled. The property is located in an incredibly strong retail submarket with shopping center occupancy at 98.9%. This combined with the financial strength of the tenant provides an investor with the ideal location for an investment grade 1031 exchange asset.