7535 Crab Thicket Rd - Convenience Store FOR SALE
Gloucester, VA 23061 |
$1,460,000 USD
248-702-0288
7535 Crab Thicket Rd
Gloucester, VA 23061
HIGHLIGHTS
- Investment Grade Tenant – Lease Guaranteed by 7-Eleven, Inc. (S&P: AA-) – The World’s Largest Convenience Retailer with 71,000+ Locations Globally
- Recent 15-Year Lease Extension – Demonstrates Tenant Confidence and Long- Term Commitment to the Site
- ±7 Years Remaining on Primary Term – Stable, Predictable Income Stream
- Absolute NNN Lease – No Landlord Responsibilities
- Cost-Segregation–Friendly Asset with Potential Bonus Depreciation—Driving Materially Higher After-Tax Yield - Confirm with CPA
- 10% Rental Increases Every 5 Years During Base Term and Option Periods – Three (3), 5-Year Options
FOR SALE DETAILS
PRICE
$1,460,000 USD
PRICE/SF
$289 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,204 SF
ZONING
B-1
APN/PARCEL ID
18321
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248-702-0288
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248-702-0288
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