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14865 George Washington Memorial Hwy Saluda, VA 23149

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Single-tenant 7-Eleven in Saluda, VA with long-term NNN lease.

Property size:
2,490 SF
Lot size:
0.92 Acres

Property Features for 14865 George Washington Memorial Hwy

General Information

Standard status
Active
Size
2,490 SF
Lot size
0.92 Acres

Building Details

Year built
1979

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Listing Contact
Michael Soleimani
Michael Soleimani
Source: Crexi

Listing Agency: SAB Capital Listing Agent: Michael Soleimani

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

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Overview

7-Eleven Net-Leased Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

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

Suggested Use

Restaurant Building Supply Auto Repair Shop Bakery Grocery & Convenience Store Restaurant (Bike/Boat/Book/etc) Store Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

Location Insight

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  • Local Demand
City
Saluda
County
Middlesex
State
Virginia
Longitude
-76.6117725
Latitude
37.5652348

FAQs

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 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
More about this property
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