14865 George Washington Memorial Hwy - Service Station FOR SALE


Saluda, VA 23149
$4,029,000 USD
914-582-8281
14865 George Washington Memorial Hwy, Saluda, VA for Sale
$4,029,000 USD
Service Station - FOR SALE
1/6
null | 5.5% Cap Rate

14865 George Washington Memorial Hwy
Saluda, VA 23149


HIGHLIGHTS

  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
  • Investment Grade Credit Tenant, Corporate Guarantee | 7-Eleven Credit Rating: A (S&P) and Baa2 (Moody's)
  • Strong Reported Sales | Speak to Broker
  • 10% Increases Every 5 Years| Significant Lease Term Remaining | Over 10 Years Remaining in Base Term w/ Five; 5-Year Renewal Options
  • Signalized Corner Location | Glenns Rd & Lewis B Puller Memorial Hwy Intersection Sees Over 8,000 Vehicles Per Day
  • Demand Drivers Located Nearby | Rappahannock Community College less than 1 mile away

OVERVIEW

SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased 7-Eleven located in Saluda, Virginia. This exceptional investment is secured by an absolute triple net (NNN) lease with over 10 years of remaining term along with 10% increases every 5 years and five 5-year options. 7-Eleven currently operates roughly 12,500 locations in the USA and is the world's largest convenience store operator. With an A credit rating from S&P and a Baa2 rating from Moody's, 7-Eleven is considered an investment grade tenant. Strategically located in Saluda, the property benefits from superior visibility, signage and access with traffic counts exceeding 8,000 vehicles per day. The nearby surrounding area includes Shell, BP and a demand driver in Rappahannock Community College less than 1 mile away. With its strong real estate fundamentals, triple-net lease structure, corporate guarantee and premier location, this offering truly represents a passive, low-risk opportunity.

FOR SALE DETAILS

PRICE

$4,029,000 USD

PRICE/SF

$1,618 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

B-4

APN/PARCEL ID

15132

ASK ABOUT THIS PROPERTY

Michael ScaliSAB CapitalMore Info
914-582-8281

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Michael ScaliSAB CapitalMore Info
914-582-8281

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