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29392318
29392319

10185 Warwick Blvd, Newport News, VA 23601

LC
TX 714883
Matthews
WR
TX 841813
Matthews
Listed by Matthews
$600,000
128 days on market
Updated 112 days ago

7.2% Cap | Dark 7-Eleven

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 2,436
Cap Rate 7.2%
NOI $43,200
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+10)
Lease Expiration 01/20/2028
Remaining Term 2
Price per SqFt $246
Year Built 1966
Buildings 1
Acreage 0.300
Investment Type Owner/User

Strong Demographics: Over 155,306 residents within 5-mile radius

Investment highlights

  • Value Add Opportunity: ±2,436 SF former 7-Eleven on a±0.3-acre lot with two years of lease term remaining, offering a clear path for repositioning, redevelopment, or owner-user opportunity.

  • Flexible Freestanding Asset: Flexible freestanding asset: ±0.30-acre parcel with on-site parking and a retail-adaptable layout supporting multiple alternative uses.

  • Hard signalized corner site: Positioned at the signalized intersection of two major roads offering maximum exposure and convenient access

  • Two year income with upside: Tenant remains responsible for rent throughout the remainder of the lease term, providing stable cash flow while planning repositioning

  • Strong Demographics: Over 155,306 residents within 5-mile radius with stable population growth and favorable consumer demographics supporting future retail demand

  • Exit Flexibility: Ideal for investors seeking short-term income with upside potential, as well as developers pursuing a prime redevelopment site at a highly visible, signalized corner within a well-established trade area

Listing Contacts

LC
TX 714883
Matthews
WR
TX 841813
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,200.00
$3,600.00/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

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Additional Information

Name
Kyle Matthews
License
226035518 (VA)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
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