395 2nd St Williamsburg, VA
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Stable cash flow asset with zero landlord responsibilities.
Type:RETAIL
Property size:
2,390 SFLot size:
0.94 Acres- Added:
- Dec 11, 2024
- Days on Market:
- 495
- Last Refresh:
- Apr 5 at 11:13 pm
Property Features for 395 2nd St
General Information
- Standard status
- Active
- Size
- 2,390 SF
- Lot size
- 0.94 Acres
- Property subtype
- RETAIL
Listing agent Dylan O’Hara (918) 208-1565
Listing office Real Capital Investments (918) 208-1565
Listing date Dec 11, 2024
Source Moodyscre
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 Real Capital Investments
Overview
Williamsburg Gas Station NNN Lease
This property features a 2,390-square-foot building situated on a 0.96-acre parcel, which includes 27 parking spaces and 4 gas pumps. The site has a 64-year operating history as a convenience store and gas station since opening in 1959. The property benefits from high traffic, with more than 13,500 vehicles per day on 2nd Street (VA-162), over 15,000 vehicles per day on Merrimac Trail (VA-143), and an additional 25,524 vehicles per day on nearby US-60. It has a 20-year absolute NNN lease with over 5 years remaining, offering a stable cash flow asset with zero landlord responsibilities and two 5-year options to renew. Rental increases occur every 5 years throughout the initial term and option periods. The lease is corporately guaranteed by Speedway (7-Eleven, Inc.), a gas station and convenience store tenant founded in 1952 with over 3,900 locations in 36 states.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
Speedway
Gas Station
Location Insight
- Map
- Local Demand
- City
- Williamsburg
- County
- Williamsburg
- State
- Virginia
- Longitude
- -76.6819
- Latitude
- 37.2724
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FAQs
What type of property is this?
Gas station - Stable cash flow asset with zero landlord responsibilities.
Where is this gas station located?
The property is located at 395 2nd St Williamsburg, VA.
What is the asking price?
The asking price for this property is $800,016.
What are key features of this property?
This property features: Corporately guaranteed NNN lease by Speedway (7‑Eleven, Inc.); Stable cash flow asset with zero landlord responsibilities; 20‑year absolute NNN lease with 5+ years remaining and two (5‑year) options to renew
