Profitable Gas Station Investment
416 S Commerce Ave Front Royal, VA
For Sale
Contact for pricing
NNN leased gas station with stable cash flow.
Property Size2,400 SF
Lot Size0.67 Acres
Price / SF$894.37
Days on Market595
Property Features for 416 S Commerce Ave
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.67 Acres
Property subtype
RETAIL
Listing Agency:
Real Capital Investments
(918) 208-1565
Listed By:
Dylan O’Hara
(918) 208-1565
Source:
Moodyscre
Added: Dec 11, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:54AM
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
Investment Insights
Based on property information with market context.
This property features a 2,400-square-foot building situated on a 0.68-acre parcel, which includes 25 parking spaces and 6 gas pumps. The site has operated as a convenience store and gas station since its opening in 2000, demonstrating a 23-year successful operating history. The property benefits from high traffic, with more than 26,000 vehicles per day on Commerce Ave (US-552), over 15,000 vehicles per day on John Marshall Hwy (VA-55), and an additional 18,773 vehicles per day on nearby US-340. The property is subject to a corporately guaranteed lease by Speedway (7-Eleven, Inc.), a gas station and convenience store tenant founded in 1952 with over 3,900 locations in 36 states. The lease is an absolute NNN lease with 5 years remaining and two 5-year options to renew. Rental increases occur every 5 years throughout the initial term and option periods.
Key Highlights
- Corporately Guaranteed Lease by Speedway (7‑Eleven, Inc.)
- Absolute NNN Lease with Zero Landlord Responsibilities for stable cash flow.
- Rental Increases Every 5 Years, offering a strong hedge against inflation.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $54.00 |
| − Vacancy | −$5.2k | −$2.16 |
| EGI | $124.4k | $51.84 |
| − OpEx | −$31.1k | −$12.96 |
| NOI | $93.3k | $38.88 |
2,400 SF · lease $54.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,312 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,284 @ 7.0% cap · market cap 3.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - NNN leased gas station with stable cash flow.
Where is this gas station located?
The property is located at 416 S Commerce Ave Front Royal, VA.
What is the asking price?
The asking price for this property is $2,146,497.
What are key features of this property?
This property features: Corporately Guaranteed Lease by Speedway (7‑Eleven, Inc.); Absolute NNN Lease with Zero Landlord Responsibilities for stable cash flow.; Rental Increases Every 5 Years, offering a strong hedge against inflation.
