7-Eleven – GL Chesapeake, VA

4000 Portsmouth Blvd
Chesapeake, VA

Price: $1961000
NOI: $88,236
Building Size: Approx. 3050 Sq. Ft.
Lot Size: Approx. 0.99 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2015

Investment Overview

  • 3,050+/- SF Building on .99+/- Acre Site
  • 15-Yr Corp Ground Lease, w/ 10% Rent Bumps Every 5-Yrs
  • Located at the Intersection of Portsmouth Blvd (30,000 Cars / Day) & Dock Landing Rd
  • Near Walmart, Sam’s Club, Ross, Old Navy, Michael’s, Petsmart, Home Depot, & Best Buy
  • Near Chesapeake Square (717,000+ SF) | Elizabeth Manor Golf (18-Hole Championship Course)
  • 53 Companies from 17 different countries & 30 Corp. U.S. HQ companies call Chesapeake, VA home
  • 3-Mile Radius: 2015 Est 2,198 Busi w/ 21,748 Empl  1-Mile Average Household Income:  $91,152
  • Chesapeake is 25-Miles W of Virginia Beach (5.5 Million Visitors) | 1.5-Hours SE of Richmond, VA
  • Virginia Beach – Norfolk – Newport News (MSA) | Population: 1,700,000

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