The Northmarq National Restaurant Group is pleased to offer this single-tenant 7-Eleven property located at 1230 Redgate Avenue in Norfolk, Virginia. The asset features
a corporate-guaranteed NN lease with over 6 years remaining and 3x5 year renewal options, along with 10% rent increases every five years. With minimal landlord responsibilities and an A-rated guarantor, the property provides reliable, inflation-resistant income.
Located near the Midtown Tunnel (US-58) with 35,000+ VPD, the site is surrounded by 200,000+ residents and average household incomes exceeding $80,000. The property
benefits from nearby economic drivers such as Sentara Norfolk General Hospital, Eastern Virginia Medical School, and Norfolk Naval Station, as well as tourism from Nauticus, the Waterside District, and other cultural attractions.
With limited competition, strong local demographics, and proximity to major redevelopment projects and coastal amenities, this offering represents a stable investment in a
dense, high-traffic urban market.