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7-Eleven 14865 George Washington Memorial Hwy 2,490 SF Retail Building Saluda, VA 23149 $5,602,647 CAD ($2,250.06 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Strong Reported Sales | Speak to Broker
- Signalized Corner Location | Glenns Rd & Lewis B Puller Memorial Hwy Intersection Sees Over 8,000 Vehicles Per Day
- Investment Grade Credit Tenant, Corporate Guarantee | 7-Eleven Credit Rating: A (S&P) and Baa2 (Moody's)
- 10% Increases Every 5 Years| Significant Lease Term Remaining | Over 10 Years Remaining in Base Term w/ Five; 5-Year Renewal Options
- Demand Drivers Located Nearby | Rappahannock Community College less than 1 mile away
Executive Summary
7-Eleven currently operates roughly 12,500 locations in the USA and is the world's largest convenience store operator. With an A credit rating from S&P and a Baa2 rating from Moody's, 7-Eleven is considered an investment grade tenant.
Strategically located in Saluda, the property benefits from superior visibility, signage and access with traffic counts exceeding 8,000 vehicles per day. The nearby surrounding area includes Shell, BP and a demand driver in Rappahannock Community College less than 1 mile away.
With its strong real estate fundamentals, triple-net lease structure, corporate guarantee and premier location, this offering truly represents a passive, low-risk opportunity.
Property Facts
Amenities
- Security System
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
7-Eleven began in 1927 as an ice vendor in Dallas, Texas called Southland Ice Company. It eventually started selling food items like bread, milk, and eggs, which led to the first convenience stores. The name changed to 7-Eleven in 1946 to reflect the extended hours from 7 am to 11 pm. 7-Eleven grew rapidly in the following decades, pioneering ideas like 24/7 stores and to-go coffee. While it started in the US, it now has a significant global presence with stores in many countries. The stores sell a variety of products including snacks, beverages, prepared foods, and gasoline.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 15132 | Improvements Assessment | $657,934 CAD |
| Land Assessment | $864,404 CAD | Total Assessment | $1,522,337 CAD |
Property Taxes
Presented by
7-Eleven | 14865 George Washington Memorial Hwy
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