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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
$2,168,748 CAD
Price Per SF
$764 CAD
Cap Rate
6%
NOI
$130,125 CAD
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 $953,933 CAD
Land Assessment $270,050 CAD Total Assessment $1,223,983 CAD

PROPERTY TAXES

Parcel Number
12000248
Land Assessment
$270,050 CAD
Improvements Assessment
$953,933 CAD
Total Assessment
$1,223,983 CAD
 

  • Listing ID: 27247868

  • Date on Market: 2022-12-05

  • Last Updated:

  • Address: 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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