7-Eleven, Richmond, Virginia

4601 W. Broad Street no-imageVIEW MAP

Property Information

Price: $1,000,000
Cap Rate: 5.0%
NOI: $50,000
Lease Term: 10 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 2,640 Square Feet
Year Built: 1983
Status: Available
Lead Broker Information:

Dylan O’Hara

dylan@realcapitalinvestments.com

918-208-1565
Marketing Package

Property Description

Investment Highlights

  • Brand-New 10 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Two (5-Year) Options to Renew
  • 10% Rental Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by 7-Eleven Inc. with an S&P Credit Rating of AA- and Over $87.6 Billion in Revenue in 2023
  • Best in Class Tenant – 7-Eleven is the Premier Brand and Leader in the Convenience Store/Gas Station Industry with Over 78,000 Locations in 19 Countries, Making it the World’s Largest Convenience Retailer
  • Intrinsic Value Asset – 2,640 Square Feet Convenience Store Situated on a 0.32-Acre Parcel Containing 19 Parking Spaces, Providing 7-Eleven with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location with Excellent Visibility at a Signalized Intersection – More Than 26,000 Vehicles Per Day on W. Broad St (VA-250) & Over 25,000 Vehicles Per Day on Nearby Staples Mill Rd
  • Densely Populated, Infill Location with Excellent Demographics – Over 265,000 People in a 5-Mile Radius with Average Household Income Exceeding $155,000 within a 1-Mile Radius of the Property
  • Over 88.6 Million Square Feet of Industrial & Office Space and 41.6 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property
  • Extremely High Daytime Population of More Than 17,500 Businesses & 186,000 Employees
  • Tremendous Multi-Family Density with More Than 35,000 Apartment Units within a 5-Mile Radius of the Property