5357-5359 E Princess Anne Rd 4,203 SF 100% Leased Retail Building Norfolk, VA 23502 £898,241 (£213.71/SF) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Perfect Value-Add Repositioning, Redevelopment, or Owner/User Opportunity
- 7-Eleven was Reporting $2.2M in Sales in 2017
- Property has Drive-Thru Capability
- 20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
- Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
EXECUTIVE SUMMARY
Perfect Value-Add Repositioning, Redevelopment, or Owner/User Opportunity
Property has Drive-Thru Capability
7-Eleven (Dark) Has 2.5 Years Remaining on the Lease
Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
7-Eleven was Reporting $2.2M in Sales in 2017
20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
Property has Drive-Thru Capability
7-Eleven (Dark) Has 2.5 Years Remaining on the Lease
Kulture Kutz Barber Shop is Month-to-Month With Interest in a Long Term Lease Extension
7-Eleven was Reporting $2.2M in Sales in 2017
20,000 Cars Per day + Population of Over 105,000 Within 3 Miles
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,203 SF
Building Class
C
Year Built
1968
Price
£898,241
Price Per SF
£213.71
Net Initial Yield
8%
NOI
£71,859
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Lot Size
0.51 AC
Zoning
B-1
Parking
7 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
101 ft on E Princess Anne Rd
AMENITIES
- Bus Route
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Kulture Kutz
- Service type
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Kulture Kutz | Service type | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 37744100 | Improvements Assessment | £235,814 |
| Land Assessment | £83,477 | Total Assessment | £319,291 |
