1574 Old Buckroe Rd - Convenience Store FOR SALE


Hampton, VA 23664- Buckroe Beach
$1,660,000 USD
631-478-3382
1574 Old Buckroe Rd, Hampton, VA for Sale
$1,660,000 USD
Convenience Store - FOR SALE
1/10
null | 5.25% Cap Rate

1574 Old Buckroe Rd
Hampton, VA 23664
Buckroe Beach


HIGHLIGHTS

  • 7-Eleven recently extended the lease, showing their continued commitment to this location
  • Beach store - well located less than 1 mile from Buckroe Beach - perfect pit stop for snacks, drinks, and beach essentials
  • Very strong store sales trending upward, year over year
  • Strong demographics with 14,000 residents within a 1 mile radius
  • Located at a traffic light regulated intersection
  • Nearby retailers include Food Lion, Dollar General, Advance Auto Parts, O’Reilly Auto Parts and more

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,660,000 USD

PRICE/SF

$659 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

CROSS STREETS

Buckroe Ave

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C1

APN/PARCEL ID

12006168

ASK ABOUT THIS PROPERTY

Dylan SilberSilber Investment Properties, LTDMore Info
631-478-3382

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Dylan SilberSilber Investment Properties, LTDMore Info
631-478-3382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.