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1574 Old Buckroe Rd 2,520 SF Retail Building Hampton, VA 23664 $2,280,392 CAD ($904.92 CAD/SF) 5.25% Cap Rate
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,520 SF
Building Class
C
Year Built
1975
Price
$2,280,392 CAD
Price Per SF
$904.92 CAD
Cap Rate
5.25%
NOI
$119,734 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.38 AC
Zoning
C1
Parking
15 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12006168 | Improvements Assessment | $888,254 CAD |
| Land Assessment | $342,059 CAD | Total Assessment | $1,230,313 CAD |
Property Taxes
Parcel Number
12006168
Land Assessment
$342,059 CAD
Improvements Assessment
$888,254 CAD
Total Assessment
$1,230,313 CAD
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1574 Old Buckroe Rd
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