Speedway (7-Eleven, Inc.) NNN Property For Sale — Gloucester Point, VA
1569 George Washington Memorial Highway, Gloucester Point, VA 23062
This offering presents an exceptional opportunity to acquire a Speedway gas station and convenience store, operating under an absolute NNN lease. The property benefits from a corporately guaranteed lease by Speedway (7-Eleven, Inc.), a leading brand in the gas station and convenience store sector with over 3,900 locations nationwide. This asset provides a stable cash flow with zero landlord responsibilities. The lease features uncapped CPI rental increases every five years throughout the initial term and option periods, offering a strong hedge against inflation. With a successful operating history at this location since 1990, the property encompasses a 2,400 square foot building on a 0.88-acre parcel, including 14 parking spaces and 10 gas pumps. Strategically positioned on George Washing…
- Address: 1569 George Washington Memorial Highway, Gloucester Point, VA 23062
- Asking price $1.67M
- 7.50% cap rate
- NOI $124,989
- 2.4 years remaining
- NNN lease
- Year built: 1990
- Building size: 2,400 SF
- Lot size: 0.88 acres
- Lease expiration: Jan 31, 2029
- Rent increases: Extremely Rare, Uncapped CPI Rental Increases Every 5 Years Throughout the Initial Term and Option Periods
- Guarantor: Corporate
Location
This Speedway (7-Eleven, Inc.) property is at 1569 George Washington Memorial Highway in Gloucester Point, Virginia.
Asset type: Retail / Service Gas Station