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7 Eleven - Culpeper VA 11113 James Monroe Hwy 2,894 SF Retail Building Culpeper, VA 22701 $4,429,000 ($1,530.41/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- More than 10 Years Remaining | Options To Extend | Scheduled Rental Increases | Popular Brand
- Situated along James Monroe Highway (28,000 VPD) | Excellent Visibility | Significant Street Frontage
- Direct, Affluent Consumer Base | Strong Demographics in 5-Mile Radius
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong National/Credit Tenant Presence | Adjacent to Multiple Car Dealerships | Nearby Schools
EXECUTIVE SUMMARY
• The tenant, 7-Eleven, Inc., has 10+ years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• 7-Eleven has over 14,000 locations throughout the world, and continues to be a leader in the gas and convenience store space
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• 7-Eleven has over 14,000 locations throughout the world, and continues to be a leader in the gas and convenience store space
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,894 SF
Building Class
C
Year Built
1993
Price
$4,429,000
Price Per SF
$1,530.41
Cap Rate
5.50%
NOI
$243,573
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.30 AC
Zoning
GC - General Commercial
AMENITIES
- Corner Lot
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 39-B-1-A | Improvements Assessment | $657,600 |
| Land Assessment | $1,005,200 | Total Assessment | $1,662,800 |
PROPERTY TAXES
Parcel Number
39-B-1-A
Land Assessment
$1,005,200
Improvements Assessment
$657,600
Total Assessment
$1,662,800
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7 Eleven - Culpeper VA | 11113 James Monroe Hwy
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