SNL Closes Virginia 7-Eleven Sale with Bonus Depreciation Buyer
John Packwood Represents Seller in Efficient Transaction
Secure Net Lease has successfully completed the sale of a freestanding 7-Eleven located in Front Royal, Virginia. The asset was acquired by a New York-based bonus depreciation buyer, highlighting continued investor demand for high-quality convenience retail properties in strong Mid-Atlantic markets.
John Packwood, who represented the seller, shared, “The seller actually had this property on the market with another broker for about six months before bringing it to us. Once we took over the listing, we were able to reposition it, generate strong interest, and find a qualified bonus depreciation buyer within just a couple of weeks. From there, everything moved pretty smoothly through closing. We were able to achieve a really strong price point for a 7-Eleven in this Virginia market, so it ended up being a great result for the seller and a very efficient transaction overall.”
The ±6,011-square-foot 7-Eleven is strategically located at the signalized intersection of Winchester Road and Country Club Road, offering excellent visibility and accessibility with strong daily traffic counts. Positioned just off U.S. Route 522 and near U.S. 340, the site benefits from seamless connectivity throughout the region and serves as a key retail hub within the growing Front Royal trade area. The property is situated along a high-traffic corridor surrounded by major national retailers including Lowe’s, ALDI, Target, and Starbucks, reinforcing its strong retail fundamentals and consistent consumer draw.
The surrounding market is supported by a combination of strong demographics, regional demand drivers, and tourism activity. The property benefits from proximity to major employment centers across Northern Virginia and is located just minutes from Front Royal’s expanding industrial base, including a recently expanded intermodal facility supporting regional logistics and distribution. Additionally, Shenandoah National Park, located approximately six miles away, attracts millions of annual visitors and contributes to steady year-round traffic. With over 257,000 residents within a one-hour drive and direct access to the Washington, D.C. metro area, the site is well-positioned for long-term retail performance.
7-Eleven is the world’s largest convenience store chain, operating more than 85,000 locations globally, including over 15,000 in the United States. Known for its strong brand recognition, essential retail model, and consistent consumer demand, 7-Eleven continues to be a highly sought-after tenant in the net lease market. Its investment-grade profile, scale, and operational stability make it a reliable choice for investors seeking long-term income backed by a nationally recognized brand.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
