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7-Eleven NNN // Fishersville, VA // featuring Raise the Roost®

$9,045,816

786 Tinkling Spring Road, Fishersville, VA 22939

Active
Last Updated: 11/03/2022

4.35

Cap Rate

393,493

NOI

Details:
Cap Rate:    4.35%
NOI:    $393,493
Building Size:    4,730 sqft
Lot Area:    2.3 sqft
Occupancy:    100%
Class:    A
Lease Type:    Absolute Net
Year Built:    2022
Tenancy:    Single
Investment Strategy:    Core
Lease Expire Year:    3/1/2037
Highlights:
  • Corporate Guarantee 7-Eleven, Inc. (Investment Grade - S&P: AA-)
  • The store will feature Raise the Roost® 7-Eleven’s Southern-inspired chicken concept restaurant
  • Ideal 1031 replacement property potentially eligible for bonus depreciation
  • Attractive Higher-Yielding 7-Eleven STNL relative to comparable offerings
  • Brand-new construction build-to-suit (opening March 2022)
  • Absolute NNN Investment (Zero Landlord Responsibilities)
  • 15-year, plus (4) 5-year options to renew
  • 10% rental increases every five years in the primary term and renewal options
  • Located off heavily traveled Interstate 64; situated on an oversized 2.3-acre lot
Description:

• The store will feature Raise the Roost® 7-Eleven’s Southern-inspired chicken concept restaurant
• Ideal 1031 replacement property potentially eligible for bonus depreciation
• Attractive Higher-Yielding 7-Eleven STNL relative to comparable offerings
• Brand-new construction build-to-suit (opening February 2022)
• Absolute NNN Investment (Zero Landlord Responsibilities)
• 15-year, plus (4) 5-year options to renew
• 10% rental increases every five years in the primary term and renewal options
• Located off heavily traveled Interstate 64; situated on an oversized 2.3-acre lot

Map:
Documents:
Title
_41565___Fishersville__VA___Executive_Summary.pdf
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