7-Eleven

30 South Armistead Avenue, Hampton, VA 23669

$5,521,669

Cap Rate 5.75%

$5,772,000

Cap Rate 5.50%

DOM: 365 Updated: 03.06.25 Posted: 11.08.23 Status: Sold 11.07.24

Summary

Price $5,521,669 $5,772,000	Built/Renov 2024	Tenant 7-Eleven
Cap Rate 5.75% 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,650	Lease Start 02-01-2024	#Units 83,282
Price/SF $1,187.46 $1,241.29	Expiration 01-31-2039	Tenant Type Convenience/Gas
NOI $317,496	R. Term 13.9	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

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand-new 2024 construction
Brand-new 15-year lease with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the primary term and options
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed | Investment grade tenant

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...

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Key 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

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Hampton, Virginia Zip Code 23669 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# 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...

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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

*ESRI data is presented for informational purposes only

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

Listing Broker

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