7-Eleven - Net Lease Property for Sale
Richmond, VA
Key Investment Metrics
Price
$3,689,459
Cap Rate
5.5%
Net Operating Income
$204,765
Building Size
2160 SF
Lot Size
2,160 SF
Land Area
0.61 Acres
Remaining Term
10.1 years
Lease Expiration
01/31/2036
Lease Term
15.1 years
Lease Commencement
01/04/2021
Lease Type
Absolute NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
See OM
About This 7-Eleven Net Lease Property
This 7-Eleven NNN (triple net lease) property is located in Richmond, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 2160 square feet of building space.
With a cap rate of 5.5%, this 7-Eleven net lease property offers stable income potential. The asking price is $3,689,459, making it an attractive option for 1031 exchange investors seeking quality 7-Eleven commercial properties.
Why Invest in 7-Eleven NNN Properties?
- Stable Income: 7-Eleven net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: 7-Eleven is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Richmond, VA Market Overview
Located in Richmond, VA, this 7-Eleven property benefits from strong local demographics and market fundamentals. The Richmond area offers excellent visibility and accessibility, making it an ideal location for 7-Eleven operations and a solid investment for net lease property buyers.