343 Woodland Rd | Hampton, VA 23669
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343 Woodland Rd
Hampton, VA 23669
7-Eleven Woodland Rd Hampton · Retail Property For Sale
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
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
£1,207,921
Price Per SF
£425
Net Initial Yield
6%
NOI
£72,475
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Lot Size
0.55 AC
Zoning
0
Parking
10 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 12000248 | Improvements Assessment | £539,168 |
| Land Assessment | £152,634 | Total Assessment | £691,802 |
PROPERTY TAXES
Parcel Number
12000248
Land Assessment
£152,634
Improvements Assessment
£539,168
Total Assessment
£691,802
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