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7525 Tidewater Dr
Norfolk, VA 23505

$2,748,000 USD

Freestanding For Sale  •  11,620 SF

Property Details

• Property Type Freestanding
• Total Building Size 11,620 SF
• Lot Size 1 AC
• Building Class B
• Year Built 1963
• Cap Rate 6.00 %
• Tenancy Single

51 Transit Score

79 Walk Score

Highlights

Desirable Lease term | New 10-year extension signed in 2023

Corporate Lease | Advance Stores Company, Inc. | 4,456+ locations across the U.S., Canada, Puerto Rico, and the US. Virgin Islands

Less than 10 minutes from the world’s largest naval base| Naval Station Norfolk | 82,000 active-duty personnel | 4,631 acres

Great visibility from Tidewater Drive | 30,000 VPD

Outparcel to Southern Shopping Center | 219,926 SF of prime retail space

Located inside of dense retail corridor | 3.1M SF within a 2-mile radius

Property Flyers

Advance Auto Parts OM - Norfolk, VA

Cap Rate:

6.00 %

Amenities

• Bus Line
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norfolk (Northeast Regional - Amtrak)	12 min	-	5.5 mi
Airport	Drive	Walk	Distance
Norfolk International	9 min	-	4.1 mi
Newport News/Williamsburg International	36 min	-	24.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	55
Type:	Surface
Included in Rent:	Yes