1115 Colonial Ave Norfolk, VA
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Freestanding 7-Eleven with extended lease and rental increases.
Type:RETAIL
Property size:
2,811 SFLot size:
0.30 Acres- Added:
- Nov 20, 2025
- Days on Market:
- 146
- Last Refresh:
- Apr 5 at 10:33 pm
Property Features for 1115 Colonial Ave
General Information
- Standard status
- Active
- Size
- 2,811 SF
- Lot size
- 0.30 Acres
- Property subtype
- RETAIL
Listing agent Andrew Fallon (202) 286-1542
Listing office SRS Real Estate Partners | McLean (202) 286-1542
Listing date Nov 20, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean
Overview
7-Eleven Store Investment Opportunity
This property is occupied by a 7-Eleven store, operating as a 24-hour establishment that sells beer and wine. The tenant recently extended their lease for an additional 13 years, with two 5-year options to extend. The lease includes a 6% rental increase in December 2030, and further rental increases at the beginning of each option period. The tenant is responsible for CAM, taxes, insurance, and all maintenance of the premises, presenting a management-free investment opportunity. 7-Eleven operates, franchises, and/or licenses more than 14,000 stores in the U.S. and Canada. The property contains 2,811 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
7-Eleven
Grocery & Convenience Store
Citibank ATM
Atm
Western Union
Bank
Similar Places Nearby
- The Fresh Market — 924 W 21st St, Norfolk, VA 23517
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.2947
- Latitude
- 36.8635
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Freestanding 7-Eleven with extended lease and rental increases.
Where is this grocery and convenience store located?
The property is located at 1115 Colonial Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Long‑term lease: Tenant recently extended their lease for 13 years with two 5‑year options, ensuring stable income.; Passive Investment: No landlord responsibilities, offering a management‑free investment.; Rental Increases: Lease includes 6% rental increases in Dec. 2030 and at the beginning of each option period, hedging against inflation.
