7-Eleven Convenience
261 W Lee St, Broadway, VA 22815
For Sale
Contact for pricing
The store is leased through 2038 under a net-lease structure with renewal options.
Property Size2,518 SF
Lot Size0.52 Acres
Price / SF$1,520
Days on Market27
Property Features for 261 W Lee St
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Convenience Store
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License GA #349355
(404) 504-7893
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 2:49PM
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 CBRE - Atlanta
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7-Eleven convenience store occupies a 0.52-acre parcel and contains 2,518 square feet. Constructed in 1985, the property is leased to 7-Eleven, Inc. through December 31, 2038, with approximately 12.2 years remaining. The lease includes five five-year renewal options and annual rent increases of 1.04%; the next increase is scheduled for January 1, 2028.
Nearby roadways carry approximately 9,300 and 12,000 vehicles per day. Average household income within five miles is approximately $96,000. The property has a 5.15% cap rate.
Nearby roadways carry approximately 9,300 and 12,000 vehicles per day. Average household income within five miles is approximately $96,000. The property has a 5.15% cap rate.
Key Highlights
- 2,518‑square‑foot store on a 0.52‑acre parcel
- Lease with 7‑Eleven, Inc. runs through 12/31/2038; approximately 12.2 years remain
- Five 5‑year renewal options and 1.04% annual rent increases
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
8,828 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,409 visits/mo
0.4 miles
Dollar General
Shops & Services
5,909 visits/mo
0.2 miles
7-Eleven
Shops & Services
3,128 visits/mo
0.1 miles
Truist
Shops & Services
2,923 visits/mo
0.5 miles
Demographics for 22815, VA
9,083
Population
3,957
Households
2.3
Avg Household Size
41
Median Age
25%
College-Educated
85%
High-School Grad
70.9 sq mi
ZIP Area
128
Density / Sq Mi
$70,598
Median Household Income
$40,829
Median Earnings
$1,005
Median Rent
$249,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The store is leased through 2038 under a net-lease structure with renewal options.
Where is this grocery and convenience store located?
The property is located at 261 W Lee St Broadway, VA.
What is the asking price?
The asking price for this property is $3,829,655.
What are key features of this property?
This property features: 2,518‑square‑foot store on a 0.52‑acre parcel; Lease with 7‑Eleven, Inc. runs through 12/31/2038; approximately 12.2 years remain; Five 5‑year renewal options and 1.04% annual rent increases
