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7-Eleven 1574 Old Buckroe Rd 2,520 SF Retail Building Hampton, VA 23664 $2,310,222 CAD ($916.75 CAD/SF) 5.25% Cap Rate

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Investment Highlights

7-Eleven recently extended the lease, showing their continued commitment to this location
Very strong store sales trending upward, year over year
Located at a traffic light regulated intersection

Beach store - well located less than 1 mile from Buckroe Beach - perfect pit stop for snacks, drinks, and beach essentials
Strong demographics with 14,000 residents within a 1 mile radius
Nearby retailers include Food Lion, Dollar General, Advance Auto Parts, O’Reilly Auto Parts and more

Executive Summary

Silber Investment Properties is pleased to Exclusively present a rare opportunity to own a 7-Eleven with a recently extended lease and well below market rent. This absolute NNN “bite size” deal is well positioned on Old Buckroe Rd providing great visibility and easy access to customers headed to/coming home from Buckroe Beach, making it a perfect pit stop for snacks, drinks, and beach essentials. 7-Eleven has consistently shown their commitment to this location with a long operating history since 1975.
This property represents a "perfect storm" of ideal factors for an investor:
- Long term lease with below market rent contributes to a low price point deal and added security for a landlord in a period of high inflation
- National Corporate Tenant with a track record of commitment to the location
- Strong store sales that are trending upward, year over year

7 Eleven Hampton, VA

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Convenience Store

Building Size

2,520 SF

Building Class

Year Built

1975

Price

$2,310,222 CAD

Price Per SF

$916.75 CAD

Cap Rate

5.25%

NOI

$121,301 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

0.38 AC

Zoning

Parking

15 Spaces (5.95 Spaces per 1,000 SF Leased)

Frontage

233’ on Old Buckroe Rd

Bus Line

Pylon Sign

Signage

Retailer
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Jan 0000

7-Eleven began in 1927 as an ice vendor in Dallas, Texas called Southland Ice Company. It eventually started selling food items like bread, milk, and eggs, which led to the first convenience stores. The name changed to 7-Eleven in 1946 to reflect the extended hours from 7 am to 11 pm. 7-Eleven grew rapidly in the following decades, pioneering ideas like 24/7 stores and to-go coffee. While it started in the US, it now has a significant global presence with stores in many countries. The stores sell a variety of products including snacks, beverages, prepared foods, and gasoline.