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7-Eleven
1947 Richmond Hwy, Stafford, VA 22554
$6,427,000
Cap Rate 5.00%
Summary
| Price $6,427,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,650
| Lease Start
10-01-2023
| #Units
83,282
|
| Price/SF $1,382.15 | Expiration
09-01-2038
| Tenant Type Convenience/Gas |
| NOI $321,338 | R. Term 14.8 | Ownership Fee Simple |
| Rent/SF
$69.10
| Increases 10.0%/5/yrs | Pop 5Mi 72,489 |
| Lot/AC 1.37 | Options 4/5yrs/10% | AHHI 5Mi $132,514 |
| | |
Lease Highlights
- Brand-new, build to suit 7-Eleven opening in October 2023
- Tenant will sign a new 15 year lease with 4 (5-year) options to extend
- Lease features an increase of 10% every 5 years
- Absolute NNN lease | Zero Landlord responsibilities
- Corporate guaranteed lease
- 7-Eleven is an investment grade tenant (S&P: A)
Location Description
7-Eleven is strategically positioned at the signalized intersection of Richmond Highway (Jefferson Davis Hwy) & Hospital Center Blvd with a combined traffic count of 19,700 vehicles passing by daily. The property features a 7-Eleven branded convenience store with a 10-pump gas station. The site has excellent access and visibility and is located across from Stafford Hospital, a community...
...Features
-
New construction
-
Signalized intersection
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Highway location
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Hospital close
-
Top 100 MSA
-
Affluent AHHI $100K 5 Mi
-
Brand new lease
-
Absolute NNN
-
Traded and rated company
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: 7-Eleven
- Guarantor:Corp T and Rated
- Company:Seven and I Holdings
- # Units:83,282
- Tenant S&P: A
- Moody’s: Baa2
- Stock:OTCMKTS: SVNDY
About Tenant
7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,096 | 34,075 | 83,107 |
| 2023 Total Population : | 4,877 | 32,188 | 78,783 |
| 2023 Employed Civilian Pop : | 1,496 | 16,015 | 40,182 |
| 2023 Total Businesses : | 287 | 740 | 1,754 |
| 2023 Average Household Income : | $ 142,383 | $ 166,910 | $ 162,895 |
| 2023 Total Consumer Spending : | $ 163 M | $ 1377 M | $ 3399 M |
| 2023 Median Age : | 36 | 35 | 36 |
| 2023 Total Households : | 1,367 | 9,815 | 24,745 |
| 2023 Pop Age 25+: Bachelor's Degree : | 619 | 6,420 | 14,986 |
| 2023 Average Home Value : | $ 585,804 | $ 512,684 | $ 476,436 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Jefferson Davis Hwy | Hospital Center Blvd | 2016 | 15,000 | 0.00 mi |
| Hospital Center Boulevard | Old Potomac Church Rd | 2021 | 220 | 0.36 mi |
| SR 742 | Peake Ln | 2021 | 150 | 0.46 mi |
| Jefferson Davis Hwy | Cthouse Rd | 2016 | 15,000 | 0.52 mi |
| Courthouse Rd | Jason Mooney Dr | 2016 | 18,000 | 0.52 mi |
| Courthouse Road | Jason Mooney Dr | 2020 | 14,000 | 0.53 mi |
| Wyche Road | Bishop Ln | 2018 | 1,800 | 0.59 mi |
| Red Oak Drive | Red Fern Ln | 2018 | 3,500 | 0.61 mi |
| Red Oak Dr | Red Fern Ln | 2012 | 3,100 | 0.61 mi |
| Wyche Rd | Bishop Ln | 2012 | 1,700 | 0.62 mi |
