1811 Effingham St
Portsmouth, VA
Price:
$1265000
NOI:
$56,900
Building Size:
Approx. 3010 Sq. Ft.
Lot Size:
Approx. 1.23 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2015
Investment Overview
- 3,010+/- SF Building on 1.23+/- Acre Site
- 15-Yr Corp Ground Lease, w/ 10% Rent Bumps Every 5-Yrs
- Located along Effingham St (29,000 Cars / Day), just S of I-264 (98,000 Cars / Day)
- Near Wells Fargo, McDonalds, Starbucks, Hardee’s, Pizza Hut, Dollar General, & Rite Aid
- 5-Mile Radius: Norfolk Naval Shipyard, BAE Systems Norfolk Ship Repair, W3 Marine, & General Dynamics NASSCO-Norfolk
- 6-Miles SW from MacArthur Shopping Center (1,100,00 SF) | 23-Miles W of Virginia Beach (5.5 Million Visitors)
- Major Employers: Portsmouth Naval Hospital (7,000 Employees) | Norfolk Naval Shipyard (7,500 Employees)
- 3-Mile 2015 Estimated Population 96,479 | 3-Mile Average Household Income: $53,965
- 1-Mile population has grown 5.2% 2000 – 2015 | 3-Mile Average Household Income: $61,746
- Virginia Beach – Norfolk – Newport News (MSA) | Population: 1,700,000