7-Eleven NNN Property For Sale — Richmond, VA
4601 West Broad Street, Richmond, VA 23230
This offering presents an exceptional opportunity to acquire a brand-new 10-year Absolute NNN lease with 7-Eleven, providing stable cash flow and zero landlord responsibilities. The lease includes two (5-year) options to renew and features 10% rental increases throughout the initial term and option periods, offering a strong hedge against inflation. The lease is corporately guaranteed by 7-Eleven Inc., an industry leader with an S&P credit rating of AA- and over $87.6 billion in revenue in 2023. 7-Eleven is the premier brand in the convenience store/gas station industry, boasting over 78,000 locations in 19 countries. This intrinsic value asset features a 2,640 square-foot convenience store situated on a 0.32-acre parcel with 19 parking spaces, ensuring high customer volume can be effecti…
- Address: 4601 West Broad Street, Richmond, VA 23230
- Asking price $1.00M
- 5.00% cap rate
- NOI $50,000
- 8.3 years remaining
- NNN lease
- Year built: 1983
- Building size: 2,640 SF
- Lot size: 0.32 acres
- Lease expiration: Dec 31, 2034
- Rent increases: 10% Rental Increases Throughout the Initial Term and Option Periods
- Guarantor: Corporate
Location
This 7-Eleven property is at 4601 West Broad Street in Richmond, Virginia.
Asset type: Retail