Ground-Leased 7-Eleven with
For Sale
Contact for pricing
Pending
500 Queen St, Southington, CT 06489
Single-tenant 7-Eleven ground lease with 16 fueling stations under a highly passive absolute NNN structure.
Property Size4,714 SF
Days on Market132
Property Features for 500 Queen St
General Information
Standard status
Pending
Size
4,714 SF
Property subtype
Retail
Site & Location
Traffic Count
31,900 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Cushman & Wakefield - San Diego, California
(858) 558-5670
Listed By:
Blake Tagmyer · License #CA 01912759
Source:
Crexi
Added: Apr 12
Changed: Aug 16
Last Checked: Aug 20 at 12:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The property is a single-tenant 7-Eleven featuring 16 fueling stations, totaling 4,714 square feet. 7-Eleven has signed a 15-year ground lease, with rent commencing November 1, 2022, leaving 15 years remaining on the initial term. The lease provides 8.5% rent increases every five years during the primary term and between each of the five, five-year renewal options. The tenant is under a highly passive absolute NNN ground lease with zero landlord responsibilities for operating or capital expenses.
Located at 500 Queen St in Southington, Connecticut, the site is prominently positioned at a signalized intersection along Queen Street, the area’s main retail and traffic corridor serving over 31,900 vehicles daily. The property also benefits from its signalized entrance/exit to Interstate-84, providing access from multiple traffic patterns.
The surrounding retail corridor includes Walmart and Home Depot, with additional area traffic generators listed such as ALDI, Chick-Fil-A, Starbucks, Goodwill, Chipotle, Planet Fitness, AutoZone, McDonald’s, and others. Nearby Shop Rite Plaza is described as a 145,000-square-foot neighborhood center anchored by ShopRite, CVS Pharmacy, Petco, and Jo-Ann Fabrics.
Located at 500 Queen St in Southington, Connecticut, the site is prominently positioned at a signalized intersection along Queen Street, the area’s main retail and traffic corridor serving over 31,900 vehicles daily. The property also benefits from its signalized entrance/exit to Interstate-84, providing access from multiple traffic patterns.
The surrounding retail corridor includes Walmart and Home Depot, with additional area traffic generators listed such as ALDI, Chick-Fil-A, Starbucks, Goodwill, Chipotle, Planet Fitness, AutoZone, McDonald’s, and others. Nearby Shop Rite Plaza is described as a 145,000-square-foot neighborhood center anchored by ShopRite, CVS Pharmacy, Petco, and Jo-Ann Fabrics.
Key Highlights
- 4,714 SF single‑tenant 7‑Eleven with Raise the Roost and 16 fueling stations
- 15‑year ground lease signed with rent commencing Nov 1, 2022; 15 years remaining on the initial term
- Lease includes 8.5% rent increases every 5 years throughout the primary term and each of five, five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
31,900 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 06489, CT
32,267
Population
13,496
Households
2.4
Avg Household Size
45
Median Age
44%
College-Educated
94%
High-School Grad
27.7 sq mi
ZIP Area
1,165
Density / Sq Mi
$124,543
Median Household Income
$65,253
Median Earnings
$1,440
Median Rent
$360,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Gas station - Single-tenant 7-Eleven ground lease with 16 fueling stations under a highly passive absolute NNN structure.
Where is this gas station located?
The property is located at 500 Queen St Southington, CT.
What are key features of this property?
This property features: 4,714 SF single‑tenant 7‑Eleven with Raise the Roost and 16 fueling stations; 15‑year ground lease signed with rent commencing Nov 1, 2022; 15 years remaining on the initial term; Lease includes 8.5% rent increases every 5 years throughout the primary term and each of five, five‑year renewal options
