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7-Eleven
10803 Courthouse Rd, Fredericksburg, VA 22408
Listing Price: $6,470,420
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.
Listing Price: $6,470,420
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.
