8108 OLD DOMINION DR Mclean VA 22102

The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to purchase a fully occupied strip center in McLean, VA. The 4,180 SF asset is positioned within the Washington- Arlington-Alexandria MSA, which has a population exceeding 6.4 million, and is occupied by 7-Eleven, Sweet Stuff and Smoke Haven. 7-Eleven has profitably operated at this location since 1964, is the largest convenience store worldwide (85,000 locations globally) and has an investment grade credit rating of “A” from S&P (Moody’s: “Baa2”).​ Sweet Stuff has been serving the McLean community for 32 years and embraces the taste of Central American cuisine.​ Smoke Haven – Smoke & Vape Shop is the newest tenant to the strip center, has nearly 4 years remaining in the primary term and benefits from a CPI rent adjustment at the commencement of its option period.​

All tenants are subject to net leases leaving limited landlord responsibilities for a passive owner.​ Both 7-Eleven and Sweet Stuff leases include negotiable rent increases in the option periods with strong potential to increase cashflows in the coming years.​ The Masonry building is positioned on the hard corner signalized intersection of Old Dominion Drive and Spring Hill Road, which sees over 16,800 vehicles per day, and is only a 30-minute drive to the Nation’s Capital.​

• 100% Occupied 7-Eleven Anchored Strip Center
• Three Tenant Retail Asset – 4,180 SF Building on .84 Acres
• Corporate 7-Eleven Lease – Investment Grade Credit Rating (S&P: A)
  • Long Term 62 Years Occupancy - Demonstrating Strength & Profitability
  • 9.4 Years Remaining in Primary Term – Three 5-Year Option Periods
• Sweet Stuff – Bakery & Deli – In Business Since 1994
  • Over 5 Years Remaining in Primary Term – One 5-Year Option Period
• Smoke Haven – Smoke & Vape Shop
  • 3.9 Yrs Remaining in Primary Term – One 5-Year Option Period
  • CPI Rent Increase
• Positioned on Hard Corner Signalized Intersection of Old Dominion Dr & Spring Hill Rd
• Within Washington-Arlington-Alexandria MSA – Population Surpassing 6.4 Million
• Strong Demographics – 174,000+ Residents within 5 Miles
• Average HHI Exceeding $284,700 within 5 Mile Radius ($432,700 within 1 Mile)