7-Eleven – GL Chesapeake, VA

1169 George Washington Hwy
Chesapeake, VA

Price: $1875000
NOI: $75,000
Building Size: Approx. 3000 Sq. Ft.
Lot Size: Approx. 1.22 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2015

Investment Overview

  • New Constructions | 3,000+/- SF Building on 1.22+/- Acre Site
  • 15-Yr Corp Ground Lease, w/ 39% Rent Bumps Year 4, 5% Year 11
  • Located along George Washington Hwy (25,000 VPD), just N of S Military Hwy (30,000 VPD)
  • Near Lowe’s, Dollar General, Mc Donald’s, Dunkin Donuts, CVS, Wells Fargo, & AutoZone
  • Near Chesapeake Square (717,000+ SF) | Norfolk Naval Shipyard (7,500 Employees)
  • 53 Companies from 17 different countries & 30 Corp. U.S. HQ companies call Chesapeake, VA home
  • Chesapeake is ranked as “Top 100 Best Cities for Families in 2010” – Parenting Magazine
  • Recognized as top 10 in labor productivity & Rated by the FBI as one of the five safest cities in the US
  • 5-Mile Radius: 2015 Estimated Population: 175,902 l  5-Mile Average Household Income:  $61,246
  • Chesapeake is 25-Miles W of Virginia Beach (5.5 Million Visitors) | 2-Hours SE of Richmond, VA
  • Virginia Beach – Norfolk – Newport News (MSA) | Population: 1,700,000

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