Disputanta, VA - 7-Eleven

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, 7-Eleven investment property located in Disputanta, Virginia. The tenant, 7-Eleven, Inc. has 10+ years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

The 7-Eleven is located at the signalized, hard corner intersection of County Drive (U.S. Highway 460) and Bull Hill Road with a combined (41,020 VPD). U.S. Highway 460 is the primary east/west thoroughfare connecting Interstate 95 and Richmond to Hampton Roads, and the property is situated just off the Interstate 295 exit (23,000 VPD), capturing interstate and long-haul truck traffic. The 7-Eleven is located directly across from Pilot Flying J, Sheetz and Hardee’s, establishing the intersection as the primary fuel and travel stop on the corridor. The property is positioned in the center of a retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Food Lion, CVS, Walgreens, Tractor Supply, McDonald’s, Wendy’s, Burger King, Ollie’s, KFC, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, Dollar General, Dollar Tree, and more, further increasing consumer traffic to the site. Nearby retail destinations include South Crater Square Shopping Center, Walnut Hill Market and Pinehill Plaza. The subject property is in close proximity to Bon Secours Southside Medical Center (300 Beds), the Amazon and Sam’s Club warehouses, and major employers including Perdue, Goya and Service Center Metals. The site is further supported by a dense residential base with 1,200+ surrounding apartment units including Addison Crater Woods (636 Units), 1200 Acqua (336 Units), Woodmere (148 Units) and Pinetree (144 Units). The 5-mile trade area is supported by a population of over 41,000 with an average household income of $81,000.

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Listing ID: a28TP000003RUWXYA4