Alexandria, VA - 7-Eleven
$3,860,000
800 Franklin St, Alexandria, VA 22314
5.25
Cap Rate
202,500
NOI
Details:
Description:
SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN leased 7-Eleven in Alexandria, Virginia. The tenant, 7-Eleven, Inc., recently executed a brand-new 12-year lease with three (3) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease includes scheduled 10% rental increases every five years throughout the base term and options, driving NOI growth and providing a built-in hedge against inflation. 7-Eleven, Inc. is a wholly owned subsidiary of Seven & I Holdings Co., Ltd. (S&P: A), one of the world’s largest and most financially secure convenience store operators. With no landlord responsibilities, this asset offers a true management-free investment, ideal for passive or out-of-state investors.
The property features prominent frontage on Franklin Street (5,000 VPD) and is located less than 0.1 miles from U.S. Highway 1 (70,000 VPD), a major north–south thoroughfare providing direct connectivity to Washington, D.C. The location benefits from both local and regional traffic and is surrounded by a dense residential base, including multifamily communities such as Old Town Gardens, Bearings North, and St. Asaph Square. The 5-mile trade area includes more than 449,800 residents and 205,500 employees, with an affluent average household income of $151,803. The asset is located near Hoffman Town Center, an open-air lifestyle destination anchored by AMC, CVS, and OrangeTheory, which attracts over 1.1 million annual visitors. This 24-hour 7-Eleven, which sells beer and wine, ranks in the top 70th percentile nationally for store traffic with over 212,000 annual visits, according to Placer.ai, supporting strong tenant performance and long-term occupancy. Strategically positioned just five minutes from downtown Alexandria and under eight miles from Washington, D.C., the property benefits from proximity to two of the region’s most economically resilient markets, supported by high incomes, strong employment, and long-term growth drivers.
Location
Gallery
