7-Eleven Hampton, VA

30 South Armistead Avenue
Hampton, VA

Price: $5,935,000
Cap Rate: 5.35%
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 – Eligible for Bonus Depreciation
  • Located at Signalized Intersection of Settlers Landing Rd (12,000+ VPD) & S Armistead Ave (8,900+ VPD) – Relocation Store from Previous Location Across the Street
  • 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