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7-Eleven 14865 George Washington Memorial Hwy 2,490 SF Retail Building Saluda, VA 23149 $5,294,116 CAD ($2,126.15 CAD/SF) 5.75% 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
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased 7-Eleven located in Saluda, Virginia. This exceptional investment is secured by an absolute triple net (NNN) lease with over 10 years of remaining term along with 10% increases every 5 years and five 5-year options.
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.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,490 SF
Building Class
C
Year Built
1978
Price
$5,294,116 CAD
Price Per SF
$2,126.15 CAD
Cap Rate
5.75%
NOI
$304,412 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.92 AC
Zoning
B-4
Parking
14 Spaces (5.62 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 15132 | Improvements Assessment | $649,669 CAD |
| Land Assessment | $853,546 CAD | Total Assessment | $1,503,215 CAD |
Property Taxes
Parcel Number
15132
Land Assessment
$853,546 CAD
Improvements Assessment
$649,669 CAD
Total Assessment
$1,503,215 CAD
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7-Eleven | 14865 George Washington Memorial Hwy
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