7-Eleven (Dark) + Barber Shop

Investment Overview

Located in Norfolk, Virginia with over a population of over 105,000 within a 3 mile radius. And, located on a major thoroughfare with over 20,000 cars per day. Property features 2 tenants: 7-Eleven (Dark) (1,600 SF), and Kulture Kuts Barber Shop (1,600 SF). This is a prime redevelopment, re-tenant, or owner/user opportunity. Moreover, the buyer has over 2 years remaining of rent from 7-Eleven, and a long standing successful barber shop. The barber shop, Kulture Kutz, has expressed interest to extend the Lease, giving the Buyer flexibility for redevelopment of the parcel, or re-tenanting the building. 7-Eleven was successful at this location, reporting over $2.2M in sales (last reporting year was 2017).

Investment Highlights

• 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