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+