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    395 Second St Williamsburg, VA 23185

    For Sale
    $800,016

    Stable cash flow asset with zero landlord responsibilities.

    Property size:
    2,390 SF
    Lot size:
    0.94 Acres

    Property Features for 395 Second St

    General Information

    Size
    2,390 SF
    Lot size
    0.94 Acres

    Source: Real Capital Investments Agent Dylan O’Hara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Williamsburg Gas Station NNN Lease

    This property features a 2,390-square-foot building situated on a 0.96-acre parcel, which includes 27 parking spaces and 4 gas pumps. The site has a 64-year operating history as a convenience store and gas station since opening in 1959. The property benefits from high traffic, with more than 13,500 vehicles per day on 2nd Street (VA-162), over 15,000 vehicles per day on Merrimac Trail (VA-143), and an additional 25,524 vehicles per day on nearby US-60. It has a 20-year absolute NNN lease with over 5 years remaining, offering a stable cash flow asset with zero landlord responsibilities and two 5-year options to renew. Rental increases occur every 5 years throughout the initial term and option periods. The lease is corporately guaranteed by Speedway (7-Eleven, Inc.), a gas station and convenience store tenant founded in 1952 with over 3,900 locations in 36 states.
    Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Speedway Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.6818674
    Latitude
    37.2724141

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    FAQs

    What type of property is this?
    Gas station - Stable cash flow asset with zero landlord responsibilities.
    Where is this gas station located?
    The property is located at 395 Second St Williamsburg, VA.
    What is the asking price?
    The asking price for this property is $800,016.
    What are key features of this property?
    This property features: - Corporately guaranteed NNN lease by Speedway (7-Eleven, Inc.); - Stable cash flow asset with zero landlord responsibilities; - 20-year absolute NNN lease with 5+ years remaining and two (5-year) options to renew
    (918) 208-1565
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    395 Second St Williamsburg, VA 23185
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    Williamsburg, VA 23185
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    395 Second St Williamsburg, VA 23185
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