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Auto Service - Gas-Conv

7-Eleven

9219 Winchester Rd, Front Royal, VA 22630

Listing Price: $5,910,000

Cap Rate
5.25%
Tenant Name
7-Eleven
Years Remaining On Lease
15.2
Gross SF
6,011
Guarantor
Corporate Guarantee
Rentable SF
6,011
Price/Gross SF
$983.20
Lease Type
Double Net
Rent Per Square Feet
$51.59

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 6,011-square-foot convenience store and fuel station (the Property) in Front Royal, VA, in which 7-Eleven has over 15 years remaining on its corporately guaranteed double-net lease. The lease features a 10 percent rent increase every five years in the firm term and renewal options.

Situated on a large 3.30-acre corner parcel at a signalized intersection on U.S. Highways 340/522, the Property includes a 7-Eleven convenience store and Mobil gasoline and diesel fuel stations. The Property is adjacent to Marriott’s TownePlace Suites Front Royal and across from shopping centers anchored by Target, Walmart Supercenter and Lowe’s.

Front Royal, VA, is located 62 miles west of downtown Washington, D.C., and sits within the western edge of the Washington MSA. On U.S. Highways 340/522 just north of Front Royal, the Virginia Inland Port intermodal container transfer facility offers Foreign Trade Zone designation and convenient access to Interstates 66 and 81. South of the city, the Shenandoah National Park attracts 1.5 million travelers annually.

7-Eleven Inc. is a Japanese-American international chain of convenience stores headquartered in Dallas, TX, with more than 14,000 stores in North America and over 78,000 stores worldwide. Founded in 1927, p arent company Seven & I Holdings Co. trades on the NYSE under the ticker symbol SVNDY and ranks No. 129 on the Fortune 500 list.

This exclusive net-lease opportunity offers an investor both a 15-year lease with regular income increases, guaranteed by a publicly traded company, and a larger parcel on a busy retail corridor in a city with industry and tourism, within the Washington, D.C., MSA.

Investment Highlights

  • Over 15 Years Remaining on Corporately Guaranteed Double-Net Lease With Four Five-Year Renewal Options
  • 10 Percent Rent Increase Every Five Years in the Firm Term and in Each Renewal Option
  • 7-Eleven Convenience Store and Mobil Gasoline and Diesel Fuel Stations
  • Large 3.30-Acre Corner Parcel on Signalized Intersection of Winchester Road (U.S. Highways 340/522) and Country Club Road
  • Located 1.7 Miles South of 161-Acre Virginia Inland Port and 5.4 Miles North of Shenandoah National Park
  • Within the 6-Million-Person Washington, D.C., Metro Area, the Sixth-Largest in the U.S. by GDP and Seventh-Largest by Population
  • Tenant Has a Strong Operating History at This Site and Chose to Commit to a Long-Term 15-Year Extension in 2025

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Auto Service - Gas-Conv

7-Eleven

Listing Price: $5,910,000

Cap Rate
5.25%
Tenant Name
7-Eleven
Years Remaining On Lease
15.2
Gross SF
6,011
Guarantor
Corporate Guarantee
Rentable SF
6,011
Price/Gross SF
$983.20
Lease Type
Double Net
Rent Per Square Feet
$51.59

Investment Highlights

  • Over 15 Years Remaining on Corporately Guaranteed Double-Net Lease With Four Five-Year Renewal Options
  • 10 Percent Rent Increase Every Five Years in the Firm Term and in Each Renewal Option
  • 7-Eleven Convenience Store and Mobil Gasoline and Diesel Fuel Stations
  • Large 3.30-Acre Corner Parcel on Signalized Intersection of Winchester Road (U.S. Highways 340/522) and Country Club Road
  • Located 1.7 Miles South of 161-Acre Virginia Inland Port and 5.4 Miles North of Shenandoah National Park
  • Within the 6-Million-Person Washington, D.C., Metro Area, the Sixth-Largest in the U.S. by GDP and Seventh-Largest by Population
  • Tenant Has a Strong Operating History at This Site and Chose to Commit to a Long-Term 15-Year Extension in 2025

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 6,011-square-foot convenience store and fuel station (the Property) in Front Royal, VA, in which 7-Eleven has over 15 years remaining on its corporately guaranteed double-net lease. The lease features a 10 percent rent increase every five years in the firm term and renewal options. Situated on a large 3.30-acre corner parcel at a signalized intersection on U.S. Highways 340/522, the Property includes a 7-Eleven convenience store and Mobil gasoline and diesel fuel stations. The Property is adjacent to Marriott’s TownePlace Suites Front Royal and across from shopping centers anchored by Target, Walmart Supercenter and Lowe’s. Front Royal, VA, is located 62 miles west of downtown Washington, D.C., and sits within the western edge of the Washington MSA. On U.S. Highways 340/522 just north of Front Royal, the Virginia Inland Port intermodal container transfer facility offers Foreign Trade Zone designation and convenient access to Interstates 66 and 81. South of the city, the Shenandoah National Park attracts 1.5 million travelers annually. 7-Eleven Inc. is a Japanese-American international chain of convenience stores headquartered in Dallas, TX, with more than 14,000 stores in North America and over 78,000 stores worldwide. Founded in 1927, p arent company Seven & I Holdings Co. trades on the NYSE under the ticker symbol SVNDY and ranks No. 129 on the Fortune 500 list. This exclusive net-lease opportunity offers an investor both a 15-year lease with regular income increases, guaranteed by a publicly traded company, and a larger parcel on a busy retail corridor in a city with industry and tourism, within the Washington, D.C., MSA.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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