Ground-Leased 7-Eleven with
500 Queen St Southington, CT 06489
For Sale
Contact for pricing
Pending
Single-tenant 7-Eleven ground lease with 16 fueling stations under a highly passive absolute NNN structure.
Property Size4,714 SF
Days on Market103
Property Features for 500 Queen St
General Information
- Standard status
- Pending
- Size
- 4,714 SF
- Property subtype
- Retail
Listing Agency:
Cushman & Wakefield - San Diego, California
(858) 558-5670
Listed By:
Blake Tagmyer · License #CA 01912759
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 12:23PM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The property is a single-tenant 7-Eleven featuring 16 fueling stations, totaling 4,714 square feet. 7-Eleven has signed a 15-year ground lease, with rent commencing November 1, 2022, leaving 15 years remaining on the initial term. The lease provides 8.5% rent increases every five years during the primary term and between each of the five, five-year renewal options. The tenant is under a highly passive absolute NNN ground lease with zero landlord responsibilities for operating or capital expenses.
Located at 500 Queen St in Southington, Connecticut, the site is prominently positioned at a signalized intersection along Queen Street, the area’s main retail and traffic corridor serving over 31,900 vehicles daily. The property also benefits from its signalized entrance/exit to Interstate-84, providing access from multiple traffic patterns.
The surrounding retail corridor includes Walmart and Home Depot, with additional area traffic generators listed such as ALDI, Chick-Fil-A, Starbucks, Goodwill, Chipotle, Planet Fitness, AutoZone, McDonald’s, and others. Nearby Shop Rite Plaza is described as a 145,000-square-foot neighborhood center anchored by ShopRite, CVS Pharmacy, Petco, and Jo-Ann Fabrics.
Located at 500 Queen St in Southington, Connecticut, the site is prominently positioned at a signalized intersection along Queen Street, the area’s main retail and traffic corridor serving over 31,900 vehicles daily. The property also benefits from its signalized entrance/exit to Interstate-84, providing access from multiple traffic patterns.
The surrounding retail corridor includes Walmart and Home Depot, with additional area traffic generators listed such as ALDI, Chick-Fil-A, Starbucks, Goodwill, Chipotle, Planet Fitness, AutoZone, McDonald’s, and others. Nearby Shop Rite Plaza is described as a 145,000-square-foot neighborhood center anchored by ShopRite, CVS Pharmacy, Petco, and Jo-Ann Fabrics.
Key Highlights
- 4,714 SF single‑tenant 7‑Eleven with Raise the Roost and 16 fueling stations
- 15‑year ground lease signed with rent commencing Nov 1, 2022; 15 years remaining on the initial term
- Lease includes 8.5% rent increases every 5 years throughout the primary term and each of five, five‑year renewal options
Property Analytics
Location Intelligence
Current Use by Public Records
Vesna Scruggs
Pharmacy
Benjamin Timakov
Pharmacy
7-Eleven
Grocery & Convenience Store
Raise the Roost
Restaurant
FAQs
What type of property is this?
Gas station - Single-tenant 7-Eleven ground lease with 16 fueling stations under a highly passive absolute NNN structure.
Where is this gas station located?
The property is located at 500 Queen St Southington, CT.
What are key features of this property?
This property features: 4,714 SF single‑tenant 7‑Eleven with Raise the Roost and 16 fueling stations; 15‑year ground lease signed with rent commencing Nov 1, 2022; 15 years remaining on the initial term; Lease includes 8.5% rent increases every 5 years throughout the primary term and each of five, five‑year renewal options
