800 E Little Creek Rd - Convenience Store FOR SALE


Norfolk, VA 23518- Colonial Heights
$1,650,000 USD
818-522-4792
800 E Little Creek Rd, Norfolk, VA for Sale
$1,650,000 USD
Convenience Store - FOR SALE
1/8
null | 5.5% Cap Rate

800 E Little Creek Rd
Norfolk, VA 23518
Colonial Heights


HIGHLIGHTS

  • Absolute NNN
  • 10% increases every five years
  • Across from Super Walmart Center
  • 24 Hour Store & Signalized corner
  • Low C-store rent
  • Occupying since 1981

OVERVIEW

This well-located corporate 7-Eleven is at the signalized corner of Little Creek Road and Old Ocean View Road. The property is across the street from a Super Walmart anchored center and has heavy drive-by exposure from the approximate 25,000 cars that pass by daily. This 24-hour, non-gas store is priced at a 5.5% cap rate based on the May 2026 rental increase. The seller will credit the difference in current rent versus the 2026 rent at closing. The lease is Absolute NNN with 10% rent increases every five years (note that the 2026 rental income is the basis for value and seller will credit the rent differential at closing). With a lease term until April 30, 2031, and two 5-year renewal options, and a very low rent compared for a C-store, this property provides the potential for steady income, long term tenancy (in occupation since ~1981), and future growth. The Lease Commencement Date above is estimated.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Abs NNN Super Walmart Adj

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Freestanding, Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

CROSS STREETS

Old Ocean View Rd

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

41

APN/PARCEL ID

39891200

ASK ABOUT THIS PROPERTY

Chris ThompsonIREA, Inc.More Info
818-522-4792

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Chris ThompsonIREA, Inc.More Info
818-522-4792

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