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834 J Clyde Morris Blvd

Morrison, Newport News, VA
Total Size
3,232 sqft
Year Constructed
Year Renovated
Building Class

About 834 J Clyde Morris Blvd

CORPORATE GROUND LEASE, STRONG INVESTMENT GRADE TENANT [ AA- BY STANDARD & POORS ]. Founded in 1927, 7-Eleven, Inc. reported $76.6 billion in revenue in 2011 and is headquartered in Dallas, Texas. The brand name 7-Eleven is now part of an international chain of convenience stores, operating under Seven-Eleven Japan Co., Ltd. It is the largest chain store operator with approximately 50,000 locations operating around the world, surpassing the previous record-holder McDonald' s Corporation in 2007. Its stores are located in eighteen countries, with its largest markets being Japan, the United States, Canada, the Philippines, Hong Kong, Taiwan, Malaysia and Thailand. 7-Eleven operates, franchises and licenses more than 7,700 stores in the United States and Canada. - Area description: The subject property is located off of Interstate 64 (148,157 Cars / Day) along J Clyde Morris Boulevard (62,153 Cars / Day). The site is in front of the Newport Square Shopping Center (202,486 SF), anchored by Value City Furniture and Riverside Medical Group. Starbucks, Burger King, McDonald' s, Pizza Hut, KFC, Subway, and H&R Block are also located down the street from the site along J Clylde Morris Boulevard. The subject property is just west of the City Center at Oyster Point lifestyle center. This mixed use development encompasses 230,000 SF of retail space that includes SunTrust Loft, Jos A Bank, Coldwater Creek, and Sunglass Hut in its tenant mix. City Center at Oyster Point also has over 1,000,000 SF of Class A office space. Located in Hampton Roads MSA (Population: 1,699,925). - Number of buildings: 1 - Building condition: Excellent - Tenancy: Single Tenant

Internet Providers for 834 J Clyde Morris Blvd

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The Neighborhood: Morrison

On average, listings lease in the $0's per square foot per year. The Morrison region is seeing a decrease in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 100% decline in rent.

Median Rate Median Size

Median Rate over Time in Morrison