Investment Overview

A GENERATIONAL PURCHASE OPPORTUNITY This is a generational opportunity to purchase a 1.32 acre “covered land” parcel along a heavily traveled Fairfax County commuter corridor presently leased to the investment grade, international convenience store chain, 7-Eleven. 7-Eleven has operated at this location since 1986 (without gas), and re-signed a 20-year lease that commenced on December 1, 2006. In October of 2025, ownership conceded its efforts to assemble and develop this site in concert with the neighboring parcels. The proposed redevelopment would have re-incorporated 7-Eleven with its newest gas prototype, and added shop space to the assembled parcels. Ultimately ownership elected to restructure the lease with the tenant and secure more term. 7-Eleven now has approximately 10 years of term remaining through November 30, 2036, with two additional five-year options that could carry occupancy through November 30, 2046. FIXED 10% INCREASES & BELOW MARKET RENTAL RATE 7-Eleven has only two, five-year options remaining with a 10% increase at each option period, limiting the tenant’s control of the site unlike many other 7-Eleven offerings today. Notably, the tenant’s current annual rent of $193,380 remains below market for this corner, where a ground lease pad could command $200,000 to $250,000 from operators such as banks that typically pay premium rents. If combined with the neighboring parcel, a full-sized fuel concept such as Wawa or Sheetz could potentially pay well over $400,000 or more for the assembled site. 7-Eleven has expressed a desire to add fuel at this location, which would serve as a catalyst for redevelopment. STRONG, ESTABLISHED LOCATION – 69TH PERCENTILE CHAINWIDE 7-Eleven has operated successfully at this corner for decades, a testament to the location’s fundamentals. Per geofencing data from Placer.ai, this non-gas unit ranks in the 69th percentile of ALL (gas and non-gas) stores chainwide, placing it well above the typical 7-Eleven despite operating without fuel. It is well known that Fairfax County has a challenging development and zoning process especially for gas stations (which require a special exception approval), adding a layer of protection for this location’s longer-term viability. FLEXIBLE C-8 ZONING WITH LONGER-TERM REDEVELOPMENT UPSIDE This 1.3-acre signalized corner at the intersection of Route 29 and Route 645 carries C-8 (Highway Commercial) zoning built for auto-oriented commercial uses along high-traffic arterials. Longer term, the new owner has flexibility to redevelop the corner into alternative uses at significantly higher rental rates in the future. Permitted C-8 uses include general retail, restaurants, banks, hotels/motels, day care, educational, religious, public-service, recreation, and funeral uses, giving a future owner wide optionality to re-tenant or redevelop as market demand evolves. HIGHLY DESIRABLE FAIRFAX COUNTY LOCATION Centreville is ideally located approximately 23 miles west of Washington, D.C. in Fairfax County. The community is home to some of the highest-rated public schools in the country, and is highly affluent. In fact, Fairfax County was ranked the fifth wealthiest in the country in 2023 by US News and World Reports. Centreville’s blend of historical significance, community-focused living, quality education, diverse dining, and rich outdoor recreational options make it a unique and desirable place to live. Its convenient location near employment centers around Washington, D.C., coupled with a rich suburban lifestyle, offers the best of both worlds to its residents.