7-Eleven Richmond, VA

4700 Walmsley Blvd
Richmond, VA

Price: $5,900,000
Cap Rate: 4.75%
NOI: $279,944
Building Size: Approx. 4,050 Sq. Ft.
Lot Size: Approx. 1.09 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction 4,050+/- SF Building on 1.09 +/- Acre Site
  • New 15-year Corporate NNN Lease with 10% rental increases every 5-years
  • Near Richmond Raceway (1,000 acres and 60,000 seats) | Richmond International Airport (4.3M passengers) | University of Virginia (26,462 students)
  • As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
  • Relocation from a high preforming non-gas 7-Eleven | Located near downtown Richmond, VA
  • Richmond has over 7M+ tourists annually | Population 1.3M + | One of the fastest growing cities in Virginia