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7-Eleven (Dark) - Owner/User Opportunity 5357-5359 E Princess Anne Rd 4,203 SF 100% Leased Retail Building Norfolk, VA 23502 $1,109,756 CAD ($264.04 CAD/SF) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- Perfect Value-Add Repositioning, Redevelopment, or Owner/User Opportunity
- 7-Eleven was Reporting $2.2M in Sales in 2017
- Property has Drive-Thru Capability
- 20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
- Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
EXECUTIVE SUMMARY
Perfect Value-Add Repositioning, Redevelopment, or Owner/User Opportunity
Property has Drive-Thru Capability
7-Eleven (Dark) Has 2.5 Years Remaining on the Lease
Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
7-Eleven was Reporting $2.2M in Sales in 2017
20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
Property has Drive-Thru Capability
7-Eleven (Dark) Has 2.5 Years Remaining on the Lease
Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
7-Eleven was Reporting $2.2M in Sales in 2017
20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,203 SF
Building Class
C
Year Built
1968
Price
$1,109,756 CAD
Price Per SF
$264.04 CAD
Cap Rate
12%
NOI
$133,143 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.51 AC
Zoning
B-1
Parking
7 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
101’ on E Princess Anne Rd
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Kulture Kutz
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Kulture Kutz | Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 37744100 | Improvements Assessment | $452,363 CAD |
| Land Assessment | $155,368 CAD | Total Assessment | $607,731 CAD |
PROPERTY TAXES
Parcel Number
37744100
Land Assessment
$155,368 CAD
Improvements Assessment
$452,363 CAD
Total Assessment
$607,731 CAD
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7-Eleven (Dark) - Owner/User Opportunity | 5357-5359 E Princess Anne Rd
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