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