7-Eleven – GL Portsmouth, VA

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

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