Washington D.C. - 7-Eleven

Description:

• The tenant recently extended their lease and now has 5+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 10% rental increases at beginning of each option
• Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Target, McDonald’s, Ross, Old Navy, Burlington, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Catholic University of America (3,177 students), MedStar Washington Hospital Center (912 beds), and Washington VA Medical Center (164 beds), further increasing consumer traffic to the site

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Listing ID: a28TP000001jte5YAA