Verona Retail for Sale
SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a two-tenant retail asset featuring 7-Eleven and El Puerto Cantina & Grill, strategically located in Verona, Virginia, (Staunton-Waynesboro MSA). The property consists of two suites totaling 4,678 square feet, situated on a 1.15-acre parcel, offering strong site fundamentals and excellent accessibility. The 7-Eleven is outfitted with eight fuel pumps, while El Puerto Cantina & Grill benefits from a drive-thru, enhancing customer convenience and reinforcing the asset’s e-commerce-resistant, daily-needs orientation.
Both tenants operate under leases which are NNN in nature, minimizing landlord responsibilities and limiting expense leakage for a future investor. 7-Eleven has successfully operated at the site for over 13 years and recently executed an early 10-year lease extension, extending its lease term through September 2038. Additionally, El Puerto Cantina & Grill has demonstrated strong commitment to the location by signing a new 5-year lease with one 5-year option to extend. Furthermore, the 7-Eleven lease is signed by the corporate entity, 7-Eleven, Inc. (S&P: A-), an investment-grade tenant with over 13,000 locations nationwide and more than $77 billion in revenue in 2025. Lastly, the subject 7-Eleven ranks in the top 95th percentile of 7-Eleven locations nationwide, per Placer.ai, underscoring the strength of the location and store performance.
