4601 W Broad St Richmond, VA 23230

This property features a brand-new, 10-year absolute NNN lease, offering stable cash flow with zero landlord responsibilities and two 5-year options to renew. The lease includes 10% rental increases throughout the initial term and option periods. The property is corporately guaranteed by 7-Eleven Inc., which has an S&P credit rating of AA- and over $87.6 billion in revenue in 2023. As an intrinsic value asset, the property includes a 2,640-square-foot convenience store on a 0.32-acre parcel with 19 parking spaces. Situated at a signalized intersection, the location benefits from high traffic, with more than 26,000 vehicles per day on W. Broad St (VA-250) and over 25,000 vehicles per day on nearby Staples Mill Rd. The property is located in a densely populated, infill area with over 265,000 people in a 5-mile radius and an average household income exceeding $155,000 within a 1-mile radius. The surrounding area includes over 88.6 million square feet of industrial and office space and 41.6 million square feet of restaurant and retail within a 5-mile radius. The daytime population is extremely high, with more than 17,500 businesses and 186,000 employees. There is also tremendous multi-family density, with more than 35,000 apartment units within a 5-mile radius of the property. The property is suitable for gas station, automotive, retail, grocery and convenience store, and specialty property uses.