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Auto Service - Gas-Conv

7-Eleven Gas & C-Store | Washington, D.C. MSA

401 Manning Rd E, Accokeek, MD 20607

Listing Price: $4,510,000

Cap Rate
4.25%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
3,043
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.99

Investment Overview

New 15-year lease extension (executed early). 7-Eleven recently agreed to an early lease extension providing nearly 15-years remaining. 7-Eleven agreed to extend the lease by 11-years while there were approximately four-years remaining on the original 20-year lease. Absolute NNN ground lease with rent increases. The subject property operates under an Absolute NNN Ground Lease with 10 percent rent increases in 2030 and each of the three, five-year option renewal periods. Well-established 7-Eleven in an affluent Washington, D.C. suburb ($177,284 AVG HHI). Accokeek, Maryland is an affluent suburb of Washington, D.C. situated approximately 17 miles south of downtown Washington, D.C. The subject property is an outparcel to a well-established Giant Supermarket with excellent visibility and access along Berry Road (36,240 VPD). There are exceptional demographics in the region with average household incomes of $177,284 within a one-mile radius of the subject property.

Investment Highlights

  • New 15-Year Lease Extension (Executed Early)
  • Absolute NNN Ground Lease with Rent Increases
  • Well-Established 7-Eleven in an Affluent Washington, D.C. Suburb ($177,284 AVG HHI)

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s) MD: 646476

    Maryland

Auto Service - Gas-Conv

7-Eleven Gas & C-Store | Washington, D.C. MSA

Listing Price: $4,510,000

Cap Rate
4.25%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
3,043
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.99

Investment Highlights

  • New 15-Year Lease Extension (Executed Early)
  • Absolute NNN Ground Lease with Rent Increases
  • Well-Established 7-Eleven in an Affluent Washington, D.C. Suburb ($177,284 AVG HHI)

Investment Overview

New 15-year lease extension (executed early). 7-Eleven recently agreed to an early lease extension providing nearly 15-years remaining. 7-Eleven agreed to extend the lease by 11-years while there were approximately four-years remaining on the original 20-year lease. Absolute NNN ground lease with rent increases. The subject property operates under an Absolute NNN Ground Lease with 10 percent rent increases in 2030 and each of the three, five-year option renewal periods. Well-established 7-Eleven in an affluent Washington, D.C. suburb ($177,284 AVG HHI). Accokeek, Maryland is an affluent suburb of Washington, D.C. situated approximately 17 miles south of downtown Washington, D.C. The subject property is an outparcel to a well-established Giant Supermarket with excellent visibility and access along Berry Road (36,240 VPD). There are exceptional demographics in the region with average household incomes of $177,284 within a one-mile radius of the subject property.

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s): MD: 646476

    Maryland

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