King George, VA - 7-Eleven

Description:

• The tenant has approximately 10 years remaining on their lease 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, steadily growing NOI and hedging against inflation
• 7-Eleven has over 13,000 locations and is the premier name in the U.S. convenience-retailing industry
• Tenant pays for CAM, taxes, insurance and maintains some aspects of the premises
• Landlord responsibilities are limited to roof and structure (Roof Warranty)
• Ideal, low-management investment for a passive investor

• The 7-Eleven is located near the signalized, hard-corner intersection of US 301 and Ridge Rd, combining to average over 24,000 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Food Lion, Dollar Tree, Dollar General, Family Dollar, Sheetz, ACE Hardware, Tractor Supply Co., O’Reilly Auto Parts, CVS, Domino’s Pizza, and more
• Strong tenant synergy promotes crossover shopping to the subject property
• More than 13,600 residents and 2,300 employees support the trade area
• $130,496 average household income