7-Eleven NNN Ground
For Sale
Contact for pricing
1729 S Military Highway, Chesapeake, VA 23320
Signalized-corner convenience and fuel site with established 7-Eleven occupancy.
Property Size3,050 SF
Price / SF$913.93
Days on Market10
Property Features for 1729 S Military Highway
General Information
Standard status
Active
Size
3,050 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$153,311
Building Details
Year Built
2000
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay Alexandria
Listed By:
Austin J Smith · License #MD 0676339
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 20 at 12:36PM
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 Horvath & Tremblay Alexandria
Investment Insights
Based on property information with market context.
This 3,050-square-foot ground lease is occupied by 7-Eleven, which has operated at the site since the building was completed in 2000. The lease has more than 5 years remaining, followed by two (2) five (5)-year renewal options, with 10% rent increases scheduled when each option begins.
The property is positioned at the signalized intersection of S Military Highway, identified as US Route 13 Business, in Chesapeake. Access to Interstate 64, Interstate 464, Interstate 664, US Route 17, and US Route 58 places the site within a connected regional roadway network. Nearby demand drivers cited for the area include Naval Station Norfolk, the Port of Virginia, Chesapeake Regional Medical Center, Tidewater Community College, residential communities, retail centers, industrial employers, and distribution facilities.
The property is positioned at the signalized intersection of S Military Highway, identified as US Route 13 Business, in Chesapeake. Access to Interstate 64, Interstate 464, Interstate 664, US Route 17, and US Route 58 places the site within a connected regional roadway network. Nearby demand drivers cited for the area include Naval Station Norfolk, the Port of Virginia, Chesapeake Regional Medical Center, Tidewater Community College, residential communities, retail centers, industrial employers, and distribution facilities.
Key Highlights
- 3,050‑square‑foot 7‑Eleven ground lease at 1729 S Military Highway
- 7‑Eleven has occupied the property since construction in 2000
- 5+ years of lease term remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 45%
Home Improvements & Furnishings 3%
Wendy's
Dining
19,436 visits/mo
0.4 miles
Taco Bell
Dining
15,956 visits/mo
0.3 miles
Priority Toyota Chesapeake
Shops & Services
12,194 visits/mo
0.2 miles
7-Eleven
Shops & Services
12,115 visits/mo
0.0 miles
Bank of America
Shops & Services
8,776 visits/mo
0.4 miles
Demographics for 23320, VA
60,412
Population
26,131
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
93%
High-School Grad
31.7 sq mi
ZIP Area
1,906
Density / Sq Mi
$81,736
Median Household Income
$49,403
Median Earnings
$1,654
Median Rent
$323,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Signalized-corner convenience and fuel site with established 7-Eleven occupancy.
Where is this nnn property located?
The property is located at 1729 S Military Highway Chesapeake, VA.
What is the asking price?
The asking price for this property is $2,787,480.
What are key features of this property?
This property features: 3,050‑square‑foot 7‑Eleven ground lease at 1729 S Military Highway; 7‑Eleven has occupied the property since construction in 2000; 5+ years of lease term remaining
