1 Commerce Pky
Fredericksburg, VA 22406
7 Eleven · Retail Property For Sale

The 2,940 square foot 7-Eleven is located at the corner of a signalized intersection with excellent visibility along Highway 17 (39,000 VPD). Highway 17 is a primary east-west thoroughfare and the property is also immediately off of Interstate 95 (136,370 VPD). The 7-Eleven property is located in a thriving retail corridor with Walmart, Target, Lowe’s, Giant Food, Lidl, ALDI & Weis Markets. The property is also located by Manheim Auctions which registers approximately 2,700 cars for sale each week. There are 69,895 people living within five miles of the property with an average household income of $95,824. Within three miles, the population is projected to grow 2.85% annually over the next five years. Fredericksburg is located 53 miles south of Washington, D.C. and 58 miles north of Richmond. 7-Eleven signed a lease extension in 2019, which now expires June 30, 2032. The lease is an absolute triple net and features a 10% renal escalation in July 2027 and 10% rental escalations in each of the three 5-year renewal option periods. There are 8 gas pumps on the large 1.91 acre site. 7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 64,319 stores in 18 countries. 7-Eleven is also one of the nation’s largest independent gasoline retailers and was ranked #1 by Entrepreneur Magazine in the 2017 annual “Franchise 500” ranking.