Hampton Roads, Va. — Two corporate 7-Eleven ground net leases have sold in the area.
Hampton Roads, Va. — Newport News, Va.-based Harvey Lindsay’s Joseph Pietrafesa II, has recently brokered the sale of two 7-Eleven ground leases in the Hampton Roads area.
A property at 713 Eden Way in Chesapeake, Va., sold for $1.75 million to a California-based exchange buyer. The seller was a private entity who developed the property, which is backed by a corporate 7-Eleven lease.
A second 7-Eleven property at 5827 E. Virginia Beach Blvd., in Norfolk, Va., sold for $1.95 million to an individual investor. The store is located at the entrance to Norfolk’s Military Circle Shopping Center.