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34450737
34450738

1574 Old Buckroe Rd, Hampton, VA 23664 For Sale

DS
NY 10401349050
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd
$1,585,000
107 days on market
Updated 3 days ago

7-Eleven | Hampton, VA | 2040 Lease Exp

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 2,520
Cap Rate 5.5%
NOI $87,160
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Expiration 04/30/2040
Remaining Term 13.8
Lease Options 3 @ 5 Years each
Price per SqFt $629
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/1975

Absolute NNN | Below Market Rent

Marketing description

Silber Investment Properties is pleased to Exclusively present a rare opportunity to own a 7-Eleven with a recently extended lease and well below market rent. This absolute NNN “bite size” deal is well positioned on Old Buckroe Rd providing great visibility and easy access to customers headed to/coming home from Buckroe Beach, making it a perfect pit stop for snacks, drinks, and beach essentials. 7-Eleven has consistently shown their commitment to this location with a long operating history since 1975.

This property represents a "perfect storm" of ideal factors for an investor:

- Long term lease with below market rent contributes to a low price point deal and added security for a landlord in a period of high inflation

- National Corporate Tenant with a track record of commitment to the location

- Strong store sales that are trending upward, year over year

Listing Contacts

DS
NY 10401349050
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$87,160.00
$7,263.33/mo

Valuation Metrics

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DSCR
5.5%
Cap Rate
5.5%
ROI

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