7-Eleven

10520 James Madison Parkway, King George, VA 22485

$3,870,000

Cap Rate 6.29%

$4,060,000

Cap Rate 6.00%

Views: 58 DOM: 30 Updated: 10.14.24 Posted: 09.28.24 Status: Sold 10.29.24

Summary

Price $3,870,000 $4,060,000	Built/Renov 1994/2012	Tenant 7-Eleven
Cap Rate 6.29% 6.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 3,011	Lease Start 07-01-2022	#Units 83,282
Price/SF $1,285.29 $1,348.39	Expiration 06-30-2035	Tenant Type Convenience/Gas
NOI $243,573	R. Term 10.6	Ownership Fee Simple
Rent/SF $80.89	Increases 10.8%/5/yrs	Pop 5Mi 13,671
Lot/AC 1.91	Options 3/5yrs/10%	AHHI 5Mi $130,496

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

7-Eleven has 10+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features a 10.82% rental increase in 2030 and 10% increases at the beginning of each option period
Favorable NN+ lease with landlord responsible for roof and structure (Roof warranty)
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located on James Madison Parkway, with access to 14,000 vehicles passing by daily. The property is adjacent to an ACE Hardware and a Family Dollar anchored strip center with a variety of local tenants. It is less than 2 miles from the signalized, hard corner intersection of US 301 and VA-3, home to prominent national retailers such as Sheetz, Tractor Supply Co., and...

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Key Features

Signalized intersection
Roof guarantee
Near major nationals
Strategically located
Highway close
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia King George, Virginia Zip Code 22485 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...

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Listing Broker

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