Turnkey Convenience Store
13675 Warwick Boulevard Newport News, VA 23602
For Sale
$120,000
COMMERCIAL - Newport News, VA
Property Size1,600 SF
Lot Size0.04 Acres
Price / SF$75
Days on Market51
Property Features for 13675 Warwick Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3000
Utilities
- Cooling system
- Central Air
Building Details
- Roof type
- Shingle
Listing Agency:
KW Allegiance Shoreline
(757) 530-9502
Listed By:
Suzan Hama Bor
(757) 530-9502
Added: Jun 7
Changed: Jul 13
Last Checked: Jul 27 at 3:06AM
MLS# 10638565
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Investment Insights
Based on property information with market context.
This turnkey convenience store business is offered for sale with a sublease; no real estate is included. The operation is fully operational and includes approved EBT participation, alcohol and tobacco licenses, and a Virginia Lottery machine. The store features a fast-food preparation area and sales, supported by the included furniture, fixtures, equipment, business goodwill, and inventory. Inventory excludes international food items.
The business is positioned in a high-traffic location at 13675 Warwick Boulevard in Newport News, VA 23602.
The sale is structured as a business and assets transfer only, intended to give a new owner an operating setup ready to continue day-to-day convenience and fast-food sales under the existing licensing and approvals.
The business is positioned in a high-traffic location at 13675 Warwick Boulevard in Newport News, VA 23602.
The sale is structured as a business and assets transfer only, intended to give a new owner an operating setup ready to continue day-to-day convenience and fast-food sales under the existing licensing and approvals.
Key Highlights
- Business‑only sale of an established convenience store with a sublease; no real estate included
- Fully operational with EBT approval, alcohol and tobacco licenses, and a Virginia Lottery machine
- Includes fast‑food preparation area and sales
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $10.20 |
| − Vacancy | −$1.2k | −$0.78 |
| EGI | $15.1k | $9.42 |
| − OpEx | −$4.5k | −$2.83 |
| NOI | $10.6k | $6.60 |
1,600 SF · lease $10.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$206.2K
$180.4K – $240.5K
NOI $14,432 @ 7.0% cap · market cap 12.03%
Second Best
Retail
$192.4K
$168.4K – $224.5K
NOI $13,469 @ 7.0% cap · market cap 11.22%
Theoretical Best
Office A
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hispanic Chamber Of Commerce ...
Business Service Center
OG Deli
Grocery & Convenience Store
Yorgo Food Mart
Grocery & Convenience Store
Mane Attraction
Hair Salon
Similar Off Market Nearby
- E Mart — 13276 Warwick Blvd, Newport News, VA 23602
- International Food Market — Village Square Shopping Center, 13270 Warwick Blvd, Newport News, VA 23602
FAQs
What type of property is this?
Grocery and convenience store - Business-only sale with sublease, fully operational convenience store with fast-food preparation and approved EBT, alcohol, tobacco, and lottery.
Where is this grocery and convenience store located?
The property is located at 13675 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Business‑only sale of an established convenience store with a sublease; no real estate included; Fully operational with EBT approval, alcohol and tobacco licenses, and a Virginia Lottery machine; Includes fast‑food preparation area and sales
