7-Eleven Newport News, VA

11202 Jefferson Avenue
Newport News, VA

Price: $7,390,000
Cap Rate: 4.35%
NOI: $321,450
Building Size: Approx. 4,500 Sq. Ft.
Lot Size: Approx. 1.8 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 2022 / 2005

Investment Overview

  • 2022 Renovation. 4,500+/- SF Building on 1.80+/- Acre Site
  • New 15 Yr Abs. NNN Lease | Eligible for Accelerated Depreciation
  • 7-Eleven (S&P A Credit Rating) | Largest Retailer in the World
  • Located at the Corner of Jefferson Ave & Harpersville Rd (119K+ VPD)
  • Near Walmart, Party City, Target, Lowe’s, Sam’s Club, Aldi, & More
  • Strong Income Demos w/ an est. $81,276 within a 3-Mile Radius
  • Newport News | Stable, Strong, & Diverse Economy | Population: 179,000+