7-Eleven Virginia Beach, VA

798 Lynnhaven Pkwy
Virginia Beach, VA

Price: $5,738,000
Cap Rate: 5.00%
NOI: $286,881
Building Size: Approx. 2,400 Sq. Ft.
Lot Size: Approx. 0.52 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction. 2,400+/- SF Building on 0.52+/- Acre Site
  • Approx. 9 Years Remaining on Absolute NNN Lease with 10% Rental Increases Every 5 Years in Primary Term and (4) 5-Year Options.
  • Strong Signalized Parkway Location with 30k+ VPD Lynnhaven Pkwy Connects to I-264 (110k+ VPD) just 2-Mi. North of the Property
  • Excellent Population Density the 5-Mile Radius Population Exceeds 235,000 People
  • Adjacent to 1.1 Million SF Lynnhaven Mall a Super-Regional Shopping Mall in Virginia Beach Featuring Over 120 Premier Stores
  • 7-Eleven Is the Largest Convenience Store Chain in the World With 86,000 Stores
  • Virginia Beach, VA | Home to Naval Air Station Oceana | Population: 450,882+

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