800 Franklin St - Convenience Store FOR SALE


Alexandria, VA 22314- Old Town
$3,860,000 USD
202-286-1542
800 Franklin St, Alexandria, VA for Sale
$3,860,000 USD
Convenience Store - FOR SALE
1/6
null | 5.25% Cap Rate

800 Franklin St
Alexandria, VA 22314
Old Town


HIGHLIGHTS

  • Brand New 12-Year Lease | Options To Extend | Scheduled 10% Rental Increases | Corporate Signature (S&P: A)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Minutes from Hoffman Town Center | Strong Tenant Synergy
  • Minutes from Downtown Alexandria & Washington D.C.
  • Dense Residential Base | Robust Trade Area Demographics
  • Exceptional Accessibility | High-Traffic Location

OVERVIEW

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN leased 7-Eleven in Alexandria, Virginia. The tenant, 7-Eleven, Inc., recently executed a brand-new 12-year lease with three (3) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease includes scheduled 10% rental increases every five years throughout the base term and options, driving NOI growth and providing a built-in hedge against inflation. 7-Eleven, Inc. is a wholly owned subsidiary of Seven & I Holdings Co., Ltd. (S&P: A), one of the world’s largest and most financially secure convenience store operators. With no landlord responsibilities, this asset offers a true management-free investment, ideal for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$3,860,000 USD

PRICE/SF

$1,543 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Alexandria VA -Washington D.C. MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,717 SF

ZONING

CL

APN/PARCEL ID

080.01-08-01

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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