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1574 Old Buckroe Rd 2,520 SF Retail Building Hampton, VA 23664 $2,185,620 CAD ($867.31 CAD/SF) 5.50% Cap Rate
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
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,520 SF
Building Class
C
Year Built
1975
Price
$2,185,620 CAD
Price Per SF
$867.31 CAD
Cap Rate
5.50%
NOI
$120,188 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
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 | $895,677 CAD |
| Land Assessment | $344,917 CAD | Total Assessment | $1,240,594 CAD |
Property Taxes
Parcel Number
12006168
Land Assessment
$344,917 CAD
Improvements Assessment
$895,677 CAD
Total Assessment
$1,240,594 CAD
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1574 Old Buckroe Rd
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