7-Eleven 6824 Forest Hill Ave 2,160 SF Retail Building Richmond, VA 23225 $3,689,459 ($1,708.08/SF) 5.55% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Richmond, Virginia. The store operates 24/7 and is corporately leased through January 2036. The subject lease is absolute triple net presenting no landlord responsibilities. The lease includes 10% rent increases every five years during the initial term and 7.5% increases during the first three renewal options. As a fuel station asset, the property is eligible for 100% bonus depreciation.
This 2,160 square-foot property is strategically located at a signalized intersection on Forest Hill Avenue, a high-traffic corridor with 30,000 vehicles per day, connecting to major thoroughfares: Powhite Parkway (86,000 VPD) and Chippenham Parkway (82,000 VPD). Directly across from Food Lion, the property is near prominent retailers including Target, Lowe’s, Walmart, Publix, ALDI, Chick-?l-A, Starbucks, and McDonald’s. It also bene?ts from proximity to Huguenot High School (1,500 students) and Willow Oaks Country Club. The area is affluent, with an average household income exceeding $134,000 within a three-mile radius, and densely populated, with over 244,000 residents within a ?ve-mile radius.
7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic 7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over 84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas, and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing the ?rst self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.