Bealeton, VA - 7-Eleven

Description:

• The tenant, 7-Eleven, Inc., has approximately 10 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• 7-Eleven has over 14,000 locations throughout the world, and continues to be a leader in the gas and convenience store space
• Tenant pays for CAM, utilities, insurance and maintains most aspects of the premises
• Limited landlord responsibilities include roof and structure
• Reimbursed by tenant: Taxes
• Ideal, low-management investment for a passive investor

• The 7-Eleven is located at the signalized, hard-corner intersection of Catlett Rd and Marsh Rd, combining to average over 33,000 vehicles passing by daily
• Marsh Rd is a major retail thoroughfare serving the city of Bealeton
• The site benefits from excellent visibility via significant street frontage and multiple points of ingress/egress
• The site is adjacent to Bealeton Village Center, which includes an 88,000+ square foot Food Lion anchored center and McDonald’s, Walgreens, and Truist Bank pads
• The asset is within walking distance to 3 different schools (Liberty High School, Grace Miller Elementary School, and Cedar Lee Middle School), combining to total over 2,400 students
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Starbucks, Popeye’s, Arby’s, Sheetz, AT&T, Family Dollar, Anytime Fitness, and more, further increasing consumer traffic to the site
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The 10-mile trade area is supported by approximately 40,500 residents and 18,000 employees, providing a direct consumer base from which to draw
• Residents within 10 miles of the subject property boast an affluent average household income of $144,356