Building Details

Year Built 1979

Year Renovated 1979

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: SAB Capital

Listed By: Michael Soleimani · License #NY 10401294940

Source: Crexi

Added: Aug 21, 2025 Changed: Aug 8 Last Checked: Aug 22 at 9:15AM

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Investment Insights

Based on property information with market context.

This single-tenant property in Saluda, Virginia, is leased to 7-Eleven. The property benefits from its location with traffic counts exceeding 8,000 vehicles per day. Nearby are Shell and BP gas stations, and Rappahannock Community College is less than 1 mile away. The tenant, 7-Eleven, has an A credit rating from S&P and a Baa2 rating from Moody's. The property is subject to an absolute triple net (NNN) lease with over 10 years of remaining term, along with 10% increases every 5 years and five 5-year options. 7-Eleven operates roughly 12,500 locations in the USA and is the world's largest convenience store operator. The property contains 2,490 square feet.

Key Highlights

• Absolute Triple Net (NNN) Lease with Over 10 Years Remaining
• Investment Grade Tenant: 7‑Eleven (S&P: A, Moody's: Baa2)
• 10% Rent Increases Every 5 Years

Property Analytics

Property Profile

Current Use

7-Eleven Grocery & Convenience Store Citibank ATM Atm Western Union Bank

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Building Supply Auto Repair Shop Bakery Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

25k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

7-Eleven Shops & Services

10,711 visits/mo 0.1 miles

BP Shops & Services

8,212 visits/mo 0.2 miles

Shell Shops & Services

6,478 visits/mo 0.0 miles

Demographics for 23149, VA

3,031

Population

1,092

Households

2.8

Avg Household Size

50

Median Age

18%

College-Educated

83%

High-School Grad

52.5 sq mi

ZIP Area

58

Density / Sq Mi

$97,016

Median Household Income

$37,979

Median Earnings

$1,325

Median Rent

$251,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Single-tenant 7-Eleven in Saluda, VA with long-term NNN lease.

Where is this grocery and convenience store located?

The property is located at 14865 George Washington Memorial Hwy Saluda, VA.

What is the asking price?

The asking price for this property is $3,693,250.

What are key features of this property?

This property features: Absolute Triple Net (NNN) Lease with Over 10 Years Remaining; Investment Grade Tenant: **7‑Eleven (S&P: A, Moody's: Baa2)**; 10% Rent Increases Every 5 Years