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7712 Granby St
Norfolk, VA 23505
USPS · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Long Term Tenant
- Minimal Landlord Responsibilities
- High Traffic Counts
- Strong Corporate Guarantor
- Strategic Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant United States Post Office (“USPS”) located at 7712 Granby Street in Norfolk, Virginia (the “Property”). The United States Postal Service has a long operating history at this location and recently executed a new 10-Year Lease with one (1), 5-year renewal option, demonstrating their commitment to the site and the market. The Property is located along Granby Street (US Route 460) in the Suburban Acres neighborhood of northern Norfolk. The Property enjoys outstanding frontage and visibility and is positioned in between a Harris Teeter Gas Station and K&K Square, a Harris Teeter anchored shopping center. The Property is surrounded by national retailers and restaurants that drive traffic to the area and is close to densely populated residential neighborhoods that provide a built-in customer base. The Property is ideally positioned at the junction of US Route 460 and Interstates 64 and 564 and is 3 miles from Naval Station Norfolk, the largest naval base in the world.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,635 SF
Building Class
C
Year Built
1970
Price
$2,603,224 CAD
Price Per SF
$301.47 CAD
Cap Rate
6%
NOI
$156,193 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.52 AC
Zoning
C-2 - Commercial
PROPERTY TAXES
| Parcel Number | 25337025 | Improvements Assessment | $145,954 CAD |
| Land Assessment | $684,543 CAD | Total Assessment | $830,498 CAD |
PROPERTY TAXES
Parcel Number
25337025
Land Assessment
$684,543 CAD
Improvements Assessment
$145,954 CAD
Total Assessment
$830,498 CAD
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