11113 James Monroe Hwy - Convenience Store FOR SALE


Culpeper, VA 22701
$4,429,000 USD
202-286-1542
11113 James Monroe Hwy, Culpeper, VA for Sale
$4,429,000 USD
Convenience Store - FOR SALE
1/6
null | 5.5% Cap Rate

11113 James Monroe Hwy
Culpeper, VA 22701


HIGHLIGHTS

  • More than 10 Years Remaining | Options To Extend | Scheduled Rental Increases | Popular Brand
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Situated along James Monroe Highway (28,000 VPD) | Excellent Visibility | Significant Street Frontage
  • Strong National/Credit Tenant Presence | Adjacent to Multiple Car Dealerships | Nearby Schools
  • Direct, Affluent Consumer Base | Strong Demographics in 5-Mile Radius

OVERVIEW

• The tenant, 7-Eleven, Inc., has 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

FOR SALE DETAILS

PRICE

$4,429,000 USD

PRICE/SF

$1,492 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Eleven - Culpeper VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

GC

APN/PARCEL ID

39-B-1-A

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 Notice.