STARBUCKS | SALE PENDING

Address: 7620 Hampton Blvd, Norfolk, VA 

Price: $2,760,136

NOI: $142,147

Building Size: +/- 1,913 SF

Lot Size: +/- 0.58 AC

Type: Single-Tenant / Retail

Randy bell

214.559.7116


 

Investment Overview

New 10 Year Corporate Net Lease with 9.5 Years Remaining
Stable Cash Flow Asset – Minimal Landlord Responsibilities
Four (5-Year) Options to Renew – No Early Termination Clause
10% Rent Increases Every 5 Years
Corporately Guaranteed Lease by Starbucks Corporation
Situated at the Entrance of Naval Station Norfolk
Positioned on the “AM” Side of the Street
High Traffic Location at a Hard Corner
Dense, Infill Location with Excellent Demographics
Best in Class Tenant – Starbucks is the Premier Retailer of Specialty Coffee in the World