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343 Woodland Rd
Hampton, VA 23669

7-Eleven Woodland Rd Hampton · Retail Property For Sale

Retail Space Virginia Hampton 343 Woodland Rd, Hampton, VA 23669

Investment Highlights

  • Triple net lease with annual CPI increases
  • Signalized intersection with 13,000 VPD
  • Long-standing successful location

Executive Summary

NNN Lease with annual CPI increases in rent of 7.8% in 2022 and 6.0% in 2023
Long-standing successful location
Current lease term expires 1/28/2028 with four (4) 5-year options
Corporate guarantee from Global Montello Group (franchisee with 300+ locations)
Net Operating Income [NOI] in Yr1 - $91,511
Signalized intersection with 13,000 Vehicles Per Day

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,840 SF
Building Class
C
Year Built
1983
Price
$1,525,000
Price Per SF
$537
Cap Rate
6%
NOI
$91,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.55 AC
Zoning
0
Parking
10 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
138 FT on Woodland

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

PROPERTY TAXES

Parcel Number 12000248 Improvements Assessment $680,700
Land Assessment $192,700 Total Assessment $873,400

PROPERTY TAXES

Parcel Number
12000248
Land Assessment
$192,700
Improvements Assessment
$680,700
Total Assessment
$873,400
 

  • Listing ID: 27247868

  • Date on Market: 12/5/2022

  • Last Updated:

  • Address: 343 Woodland Rd, Hampton, VA 23669

More public record information on 343 Woodland Rd, Hampton, VA 23669

The Retail Property at 343 Woodland Rd, Hampton, VA 23669 is currently available for sale. Contact Harvey Lindsay Commercial Real Estate for more information.

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