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7535 Crab Thicket Rd
Gloucester, VA 23061
7-Eleven · Retail Property For Sale
Investment Highlights
- Investment Grade Tenant – Lease Guaranteed by 7-Eleven, Inc. (S&P: AA-) – The World’s Largest Convenience Retailer with 71,000+ Locations Globally
- ±7 Years Remaining on Primary Term – Stable, Predictable Income Stream
- Cost-Segregation–Friendly Asset with Potential Bonus Depreciation—Driving Materially Higher After-Tax Yield - Confirm with CPA
- Recent 15-Year Lease Extension – Demonstrates Tenant Confidence and Long- Term Commitment to the Site
- Absolute NNN Lease – No Landlord Responsibilities
- 10% Rental Increases Every 5 Years During Base Term and Option Periods – Three (3), 5-Year Options
Executive Summary
Investment Grade Tenant – Lease Guaranteed by 7-Eleven, Inc. (S&P: AA-) – The World’s Largest Convenience Retailer with 71,000+ Locations Globally
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,050 SF
Building Class
C
Year Built
1980
Price
$2,003,704 CAD
Price Per SF
$396.77 CAD
Cap Rate
5.50%
NOI
$110,202 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.90 AC
Zoning
B-1
Parking
20 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
201’ on Crab Thicket Road
Property Taxes
| Parcel Number | 18321 | Improvements Assessment | $969,011 CAD |
| Land Assessment | $679,338 CAD | Total Assessment | $1,648,349 CAD |
Property Taxes
Parcel Number
18321
Land Assessment
$679,338 CAD
Improvements Assessment
$969,011 CAD
Total Assessment
$1,648,349 CAD
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