1569 George Washington Memorial Hwy Gloucester Point, VA 23062

This commercial property, operating as a convenience store and gas station since 1990, features a 2,400-square-foot building on a 0.88-acre parcel. The site includes 14 parking spaces and 10 gas pumps. The property is located in the main trade area of Gloucester Point, benefiting from a high daytime population of over 650 businesses and 5,400 employees within a 5-mile radius. It is situated less than 1-mile from the Virginia Institute of Marine Science. The location experiences high traffic, with more than 31,000 vehicles per day on George Washington Memorial Highway (US-17). The surrounding area is densely populated, with over 23,000 residents within a 5-mile radius and an average household income exceeding $106,000 annually. The property is subject to a corporately guaranteed absolute NNN lease by Speedway (7-Eleven, Inc.), with approximately 5 years remaining on the initial 20-year term and two 5-year options to renew. Rental increases are scheduled every 5 years throughout the initial term and option periods.