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Advance Auto Parts 7525 Tidewater Dr 11,620 sq ft Retail Property Norfolk, VA 23505 £1,953,043 (£168.08/sq ft) 6.25% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Desirable Lease term | New 10-year extension signed in 2023
  • Less than 10 minutes from the world’s largest naval base| Naval Station Norfolk | 82,000 active-duty personnel | 4,631 acres
  • Outparcel to Southern Shopping Center | 219,926 SF of prime retail space
  • Corporate Lease | Advance Stores Company, Inc. | 4,456+ locations across the U.S., Canada, Puerto Rico, and the US. Virgin Islands
  • Great visibility from Tidewater Drive | 30,000 VPD
  • Located inside of dense retail corridor | 3.1M SF within a 2-mile radius

EXECUTIVE SUMMARY

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Advance Auto Parts in Norfolk, VA. We welcome your review of this attractive investment.

ATTACHMENTS

Advance Auto Parts OM - Norfolk, VA

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Standalone
Property Size
11,620 sq ft
Costar Property Class
B
Year Built
1963
Price
£1,953,043
Price per sq ft
£168.08
Yield
6.25%
NOI
£122,078
Tenancy
Single
Number of Floors
1
Plot ratio
0.27
Total Plot Size
1.00 ac
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class
C3
Parking
55 Spaces (4.73 Spaces per 1,000 sq ft Leased)
Frontage
156 ft on Tidewater Dr

AMENITIES

  • Bus Route
  • Signage

LINKS

1 1
Walk Score®
Easily Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Planet Fitness
Food Lion
America's Best Wings
Fuddruckers
Ruby Tuesday
Cook Out
Rent-A-Center
Dollar Bank
Navy Federal Credit Union
Bank of America

PROPERTY TAXES

Parcel Number 07363905 Improvements Assessment £4,694,707
Land Assessment £12,478,155 Total Assessment £17,172,863

PROPERTY TAXES

Parcel Number
07363905
Land Assessment
£12,478,155
Improvements Assessment
£4,694,707
Total Assessment
£17,172,863
(704) 379-1985

Still interested?

Contact the agents for more information about this property

CONTACTS

  • Listing ID: 38227077

  • Date on Market: 27/10/2025

  • Last Updated:

  • Address: 7525 Tidewater Dr, Norfolk, VA 23505

The Cottage Row Park/Denby Park Retail Property at 7525 Tidewater Dr, Norfolk, VA 23505 is currently available. Contact Berkeley Capital Advisors for more information.

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7525 Tidewater Dr, Norfolk, VA for sale Building Photo- Image 1 of 4
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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Advance Auto Parts | 7525 Tidewater Dr
(704) 379-1985 x

Advance Auto Parts | 7525 Tidewater Dr

Ransome Foose
(704) 379-1985

Carl Brendes
(704) 714-2363

Al Dickens
(704) 714-2368

Quinn O'Donnell
(404) 376-1452

Matt Sagehorn
(562) 972-0044

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