30 South Armistead Avenue
Hampton, VA
Price:
$5,772,655
Cap Rate:
5.50%
NOI:
$317,496
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 1.161 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2024
Investment Overview
- 2024 Construction. 4,650+/- SF Building on 1.161+/- Acre Site
- 15-Yr Corporate Absolute NNN Lease w/ 10% Rent Bumps Every 5 Years Starting Yr. 6 in Primary & Yr. 16 in Options
- Located at Signalized Intersection of Settlers Landing Rd (12,000+ VPD) & S Armistead Ave (8,900+ VPD)
- 5 Miles from Newport News Shipbuilding – Largest Industrial Employer in Virginia & Sole Designer & Builder of US Navy Aircraft Carriers
- Near Naval Station Norfolk – World’s Largest Naval Station & Home to US Navy’s Fleet Forces Command
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Hampton | Home to 4 Colleges | Population: 135,169