Property History
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Investment Highlights
- Absolute NNN Ground Lease - 7-Eleven signed a 15-year ground lease to operate at this location. The absolute NNN lease is completely passive. 7-Eleven is responsible for payment of real estate taxes and insurance, and is also obligated to maintain, repair and replace all aspects of the property.
- Investment Grade Credit - This lease is corporately signed by 7-Eleven, Inc. The Tenant’s credit is rated AA- by Standard & Poors. 7-Eleven is the World’s largest operator of convenience stores with 66,579 units worldwide
- Long Term Lease – Construction is estimated to be completed by Q1 2019 with an outside rent commencement date of February 4, 2019, and the primary lease term runs through February 2034. There are 15 years on the lease, followed by four consecutive 5-year option periods
- 10% Rent Increases - 7-Eleven’s rent is structured with 10% increases every 5 years. The next rent bump occurs on March 1, 2024 when rent will increase to$152,900.04
- Location & Visibility - 7-Eleven is located on the northwest corner of Sudley Manor Drive (22,000 VPD) and Vint Hill Road (9,000 VPD), and multiple points of ingress/egress
- Strong Demographics - Within 3-miles of the property, the population is 75,272 and the average household income is $136,106.
- Washington, DC MSA - Bristow, VA is located 39-miles from Washington, DC which is the 6th largest metropolitan area in the nation
Loan History
Financial History
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Tax History
Contact Information
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Contacts
Listing removed on
BY:
Andrew Fallon PRO
•••.•••.4733
••••••.••llon@•••••.com
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