Retail Space / Virginia / Norfolk / 23505 / 7740 Tidewater Drive

7740 Tidewater Drive

Q: What is the asking price for 7740 Tidewater Drive in Norfolk?

The asking price for 7740 Tidewater Drive is $2,486,000

Q: What is the building size of this Retail property in Norfolk, VA?

The size of the building/unit at 7740 Tidewater Drive in Norfolk is 6,214 square feet.

Q: How much land does the Norfolk, VA property at 7740 Tidewater Drive include?

7740 Tidewater Drive in Norfolk includes 0.610 acres of land.

Q: What kind of Retail is the propery at 7740 Tidewater Drive?

The property at 7740 Tidewater Drive Norfolk, VA 23505 is listed as a Shopping Center Retail property.

Q: What is the population within 1 mile of 7740 Tidewater Drive?

The population within 1 mile of 7740 Tidewater Drive Norfolk, VA 23505 is 17,213 people.

Q: Who do I contact for questions about 7740 Tidewater Drive?

You should contact the listing agent, Joe Caccamo , for any details regarding this commercial listing.

Norfolk, VA 23505

Listing ID: 259429

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Building Size: 6,214 SF

Lot Size: 0.610 AC

Land Size: 26,571 SF

Building $/SF: $400.06

Land $/SF: $93.56

Price

$2,486,000

Description

Triple Net Leased Hook & Reel Cajun Seafood Restaurant in a major regional center in Norfolk, VA.
The original 10-year lease (9 years remaining) includes two 5-year options, with rental increases in 2024 and at the start of each option period. This single tenant asset has minimal landlord maintenance obligations. Hook & Reel, a national Cajun seafood restaurant, has very strong sales at this location and opened during the pandemic.
An outparcel to the Walmart Supercenter, the subject property is located on Tidewater Drive, just off interstate 64, the Hampton Roads Beltway. The property benefits from the 236k residents within a 5-mile radius, in addition to the nearby major employers: United States Federal Government, Sentara Healthcare, Norfolk Naval Shipyard and local Division 1 colleges Old Dominion University and Norfolk State University.

Attachments & Files

hookandreel-norfolkva-CV8-CRE.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Norfolk History of Retail Space for Sale

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Listing Demographics for 7740 Tidewater Drive Norfolk, VA 23505

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		17,213	138,205	282,709
Population Median Age		35	36	35
Population by Age	0-9 Yrs	2827 (16%)	17582 (12%)	31606 (11%)
	10-19 Yrs	2040 (11%)	14098 (10%)	31241 (11%)
	20-29 Yrs	2914 (16%)	30483 (22%)	73895 (26%)
	30-39 Yrs	3194 (18%)	21626 (15%)	42096 (14%)
	40-49 Yrs	1360 (7%)	14251 (10%)	29084 (10%)
	50-59 Yrs	1722 (10%)	16095 (11%)	31079 (10%)
	60-69 Yrs	1916 (11%)	13746 (9%)	24976 (8%)
	70+ Yrs	1239 (7%)	10324 (7%)	18732 (6%)

Median HH Income		$48,951	$55,170	$54,350
Total Household Income	< 24K	1683 (26%)	10820 (20%)	22737 (22%)
	25-49K	1508 (23%)	12638 (24%)	24560 (23%)
	50-74K	1208 (19%)	11058 (21%)	20571 (19%)
	75-99K	712 (11%)	6816 (13%)	13059 (12%)
	100-199K	1003 (15%)	8859 (16%)	17248 (16%)
	200K+	173 (2%)	2143 (4%)	5173 (5%)

Highest Education Level	No Diploma	1729	9975	19878
	Diploma or GED	3390	23711	42379
	Some College	3167	23125	45513
	Assoc. Degree	906	8375	15128
	Bachelors Degree	1323	16466	32889
	Higher Degree	654	9820	22903

Total Housing Units		6,743	57,839	114,863
--Owner-Occupied		2,650	25,360	43,364
--Renter-Occupied		3,637	26,974	59,985
Owner-Occupied Values	< 100K	177	1462	2827
	100-199K	1458	10460	16000
	200-299K	754	7869	12202
	300-399K	151	2626	5069
	400-499K	22	1279	2835
	500K+	88	1665	4431

Total Working Age Population		13,015	112,192	235,546
In Work Force		8,890	79,624	167,986
Not In Work Force		4,124	32,568	67,560
Workforce Employed		7,331	61,636	123,036
Workforce Unemployed		936	4,447	9,202
Civlian Workforce		8,267	66,083	132,238
Military Workforce		623	13,541	35,748

Total Households		6,288	52,334	103,348
Family Households		3,864	31,506	59,386
Non-Family Households		2,423	20,828	43,962
Married Couple		2,203	20,772	38,751
Other Family		1,662	10,734	20,635
Married w/Child		1,124	8,391	14,877
Single Male w/Child		104	1,305	2,309
Single Female w/Child		721	4,409	8,987

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Virginia	7,078,515	+13	8,001,024	+8	8,655,021	+8	9,331,666
Chesapeake city	199,184	+12	222,209	+12	249,244	+9	270,506
Hampton city	146,437	-6	137,436	-1	135,530	-6	127,842
Norfolk city	234,403	+4	242,803	+2	246,881	+1	249,889
Portsmouth city	100,565	-5	95,535	-1	95,027	-5	90,715
Virginia Beach city	425,257	+3	437,994	+4	457,699	+2	467,187

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 7740 Tidewater Drive in Norfolk?

The asking price for 7740 Tidewater Drive is $2,486,000

What is the building size of this Retail property in Norfolk, VA?

The size of the building/unit at 7740 Tidewater Drive in Norfolk is 6,214 square feet

How much land does the Norfolk, VA property at 7740 Tidewater Drive include?

7740 Tidewater Drive in Norfolk includes 0.610 acres of land

What kind of Retail is the propery at 7740 Tidewater Drive?

The property at 7740 Tidewater Drive Norfolk, VA 23505 is listed as a Shopping Center Retail property

What is the population within 1 mile of 7740 Tidewater Drive in Norfolk?

The population within 1 mile of 7740 Tidewater Drive Norfolk, VA 23505 is 17,213 people.

Who do I contact for questions about 7740 Tidewater Drive?

You should contact the listing agent, Joe Caccamo , for any details regarding this commercial listing.

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213 High Street, Portsmouth, VA	$1,050,000	33800	-
1300 High Street, Portsmouth, VA	CALL	20162	1.45
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Closest Commercial Airports

Airport	Distance (mi)
Norfolk International Airport (ORF)	3
Newport News Williamsburg International Airport (PHF)	20
Richmond International Airport (RIC)	71