INVESTMENT OFFERING
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased 7-Eleven located in Saluda, Virginia. This exceptional investment is secured by an absolute triple net (NNN) lease with over 10 years of remaining term along with 10% increases every 5 years and five 5-year options.
7-Eleven currently operates roughly 12,500 locations in the USA and is the world’s largest convenience store operator. With an A credit rating from S&P and a Baa2 rating from Moody’s, 7-Eleven is considered an investment grade tenant.
Strategically located in Saluda, the property benefits from superior visibility, signage and access with traffic counts exceeding 8,000 vehicles per day. The nearby surrounding area includes Shell, BP and a demand driver in Rappahannock Community College less than 1 mile away.
With its strong real estate fundamentals, triple-net lease structure, corporate guarantee and premier location, this offering truly represents a passive, low-risky opportunity.
- 7-Eleven in Saluda, VA | Approximately 50 miles from Richmond and 40 miles from Williamsburg
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Investment Grade Credit Tenant, Corporate Guarantee | 7-Eleven Credit Rating: A (S&P) and Baa2 (Moody’s)
- Strong Reported Sales | Speak to Broker
- Structured Hedge Against Inflation | 10% Increases Every 5 Years
- Significant Lease Term Remaining | Over 10 Years Remaining in Base Term w/ Five; 5-Year Renewal Options
- Signalized Corner Location | Glenns Rd & Lewis B Puller Memorial Hwy Intersection Sees Over 8,000 Vehicles Per Day
- Demand Drivers Located Nearby | Rappahannock Community College less than 1 mile away
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
7-Eleven | $4,220,857 | 5.25% | Absolute NNN | 2,490 | Available |