6824 Forest Hill Ave - Freestanding FOR SALE


Richmond, VA 23225- Stratford Hills
$3,791,944 USD
847-562-0003
6824 Forest Hill Ave, Richmond, VA for Sale
$3,791,944 USD
Freestanding - FOR SALE
1/3
null | 5.4% Cap Rate

6824 Forest Hill Ave
Richmond, VA 23225
Stratford Hills


HIGHLIGHTS

  • Positioned within the Richmond MSA
  • Investment grade tenant – S&P: A
  • Long term lease – over 10 years remaining
  • 24-hour location with 8 pumps
  • Signalized intersection along Forest Hill Avenue (30,000 VPD)
  • Affluent area - $134,000+ average household income within three miles

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Richmond, Virginia. The store operates 24/7 and is corporately leased through January 2036. The subject lease is absolute triple net presenting no landlord responsibilities. The lease includes 10% rent increases every ?ve years during the initial term and 7.5% increases during the ?rst three renewal options. As a fuel station asset, the property is eligible for 100% bonus depreciation. This 2,160 square-foot property is strategically located at a signalized intersection on Forest Hill Avenue, a high-traffic corridor with 30,000 vehicles per day, connecting to major thoroughfares: Powhite Parkway (86,000 VPD) and Chippenham Parkway (82,000 VPD). Directly across from Food Lion, the property is near prominent retailers including Target, Lowe’s, Walmart, Publix, ALDI, Chick-?l-A, Starbucks, and McDonald’s. It also bene?ts from proximity to Huguenot High School (1,500 students) and Willow Oaks Country Club. The area is affluent, with an average household income exceeding $134,000 within a three-mile radius, and densely populated, with over 244,000 residents within a ?ve-mile radius. 7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic 7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over 84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas, and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing the ?rst self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.

FOR SALE DETAILS

PRICE

$3,791,944 USD

PRICE/SF

$1,540 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

CROSS STREETS

Hathaway

LAND ACRES

0.6 AC

LAND SF

26,049 SF

ZONING

B-2

APN/PARCEL ID

C004-0662-022

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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