✖
7-Eleven
30 South Armistead Avenue, Hampton, VA 23669
$5,935,000
Cap Rate 5.35%
Summary
| Price $5,935,000 | Built/Renov 2024 | Tenant 7-Eleven |
| Cap Rate 5.35% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,650
| Lease Start
02-01-2024
| #Units
83,282
|
| Price/SF $1,276.34 | Expiration
01-31-2039
| Tenant Type Convenience/Gas |
| NOI $317,496 | R. Term 15.1 | Ownership Fee Simple |
| Rent/SF
$68.28
| Increases 10.0%/6/yrs | Pop 5Mi 146,670 |
| Lot/AC 1.16 | Options 4/5yrs/10% | AHHI 5Mi $83,646 |
| | |
Lease Highlights
- Brand-new 2024 construction
- 7-Eleven recently signed a brand-new 15-year lease with 4 (5-year) options to extend
- Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
7-Eleven is strategically located at the signalized intersection of Settlers Landing Road and S Armistead Ave, with access to a combined traffic count of 20,900 vehicles passing by daily. The property's location places it within a 4-mile radius of Langley Air Force Base and within 5 miles of Newport News Shipbuilding. Additionally, it is situated near Hampton University, Old Dominion...
...Features
-
New construction
-
Signalized intersection
-
Hard corner intersection
-
Dense retail corridor
-
Highway close
-
Strong demographics
-
Brand new lease
-
Absolute NNN
-
Traded and rated company
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: 7-Eleven
- Guarantor:Corp T and Rated
- Company:Seven and I Holdings
- # Units:83,282
- Tenant S&P: A
- Moody’s: Baa2
- Stock:OTCMKTS: SVNDY
About Tenant
7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 13,218 | 72,540 | 155,529 |
| 2023 Total Population : | 12,707 | 71,819 | 155,281 |
| 2023 Employed Civilian Pop : | 5,560 | 32,479 | 67,166 |
| 2023 Total Businesses : | 504 | 2,081 | 3,711 |
| 2023 Average Household Income : | $ 74,895 | $ 82,399 | $ 80,597 |
| 2023 Total Consumer Spending : | $ 292 M | $ 2145 M | $ 4396 M |
| 2023 Median Age : | 31 | 37 | 36 |
| 2023 Total Households : | 4,465 | 29,967 | 62,695 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,317 | 8,372 | 17,011 |
| 2023 Average Home Value : | $ 251,671 | $ 255,825 | $ 271,284 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Armistead Ave | Settlers Landing Rd | 2016 | 12,000 | 0.03 mi |
| North Armistead Avenue | Settlers Landing Rd | 2018 | 12,000 | 0.03 mi |
| North Armistead Avenue | Settlers Landing Rd | 2018 | 12,000 | 0.04 mi |
| S Armistead Ave | Settlers Landing Rd | 2016 | 12,000 | 0.04 mi |
| Settlers Landing Road | S Armistead Ave | 2018 | 14,000 | 0.04 mi |
| Settlers Landing Road | Mariners Cove Rd | 2021 | 14,000 | 0.05 mi |
| Settlers Landing Road | Bacon St | 2018 | 14,000 | 0.05 mi |
| Settlers Landing Rd | Bacon St | 2016 | 14,000 | 0.06 mi |
| Settlers Landing Road | S Armistead Ave | 2021 | 14,000 | 0.06 mi |
| W Queen St | Stewart St | 2011 | 1,000 | 0.09 mi |
