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7-Eleven

10803 Courthouse Rd, Fredericksburg, VA 22408

Listing Price: $6,470,420

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
4,650
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 10803 Courthouse Road located in Fredericksburg, Virginia. The property consists of roughly 4,650 rentable square feet of building space on an estimated 1.62 parcel of land. 7-Eleven is subject to a brand new 15-Year Absolute Triple-Net (NNN) lease. The initial rent is $323,521 annually with 10% increases every 5 years. There are three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every Five (5) Years
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Auto Service - Gas-Conv

7-Eleven

Listing Price: $6,470,420

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
4,650
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.57

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every Five (5) Years
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 10803 Courthouse Road located in Fredericksburg, Virginia. The property consists of roughly 4,650 rentable square feet of building space on an estimated 1.62 parcel of land. 7-Eleven is subject to a brand new 15-Year Absolute Triple-Net (NNN) lease. The initial rent is $323,521 annually with 10% increases every 5 years. There are three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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