10520 James Madison Pky - Convenience Store FOR SALE


King George, VA 22485
$4,350,000 USD
202-286-1542
10520 James Madison Pky, King George, VA for Sale
$4,350,000 USD
Convenience Store - FOR SALE
1/6
null | 5.6% Cap Rate

10520 James Madison Pky
King George, VA 22485


OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$1,445 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - King George, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

C-2

APN/PARCEL ID

25A-2-2,25A-2-3,25A-2-6,25A-2-7,25A-2-8

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.