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7-Eleven l Gas Station w/C-store l 1 Ac 1928 Holland Rd 2,900 SF Retail Building Suffolk, VA 23434 $1,725,825 CAD ($595.11 CAD/SF) 6.45% Cap Rate
Investment Highlights
- Absolute NNN Investment grade (S&P:A) Gas station w/ Convenience Store
- Corporate 7-Eleven Lease Guaranty
- 16 Parkings, 12 Pumps with 6 Stations / 1 Acres
Executive Summary
Fortune Realty is pleased to offer the opportunity to acquire an absolute NNN, investment grade (S&P: A), 7-Eleven Gas station / C-Store located at 1928 Holland Rd Suffolk, VA. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity with Zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property consist of 3,000 SF of building on 1 Acre Lands, 230 +/- feet of frontage on Holland Road, strategically located at the signalized, corner intersection of Holland Road and Kenyon Road, averaging a combined 33,000 vehicles passing by daily. Hurry! Won't last at REDUCED PRICE
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
B
Year Built
2014
Price
$1,725,825 CAD
Price Per SF
$595.11 CAD
Cap Rate
6.45%
NOI
$111,274 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.20 AC
Zoning
GENERAL CO
Parking
16 Spaces (5.51 Spaces per 1,000 SF Leased)
Frontage
255’ on Holland Rd
Amenities
- Pylon Sign
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 153926900 | Improvements Assessment | $2,553,945 CAD |
| Land Assessment | $307,059 CAD | Total Assessment | $2,861,004 CAD |
Property Taxes
Parcel Number
153926900
Land Assessment
$307,059 CAD
Improvements Assessment
$2,553,945 CAD
Total Assessment
$2,861,004 CAD
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7-Eleven l Gas Station w/C-store l 1 Ac | 1928 Holland Rd
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