7-Eleven

7-Eleven Triple Net Investment Opportunity
Richmond MSA, Virginia

This offering provides a highly attractive opportunity to acquire a newly constructed 7-Eleven convenience store and fueling station located in the Richmond Metropolitan Statistical Area. Positioned at a prominent hard corner with strong traffic exposure, fee simple ownership, an absolute triple net lease, and a corporate guarantee, this asset delivers long-term income stability backed by a creditworthy tenant and scheduled rental escalations. Richmond’s growing economy and strategic location in Virginia’s capital region make this property an excellent addition to any net lease portfolio.

Location and Market Overview
The property is situated on a signalized hard corner intersection within the Richmond MSA, benefiting from daily traffic counts exceeding 44,000 vehicles on the primary roadway and approximately 26,000 vehicles on the intersecting arterial. This location provides excellent visibility and accessibility to local commuters, residents, and pass-through traffic. The signalized intersection allows for convenient ingress and egress, enhancing customer convenience and driving sustained sales volume.

Richmond, with a metro population approaching 1.3 million, serves as a significant economic and cultural hub in Virginia. The region boasts a diversified economy including government, finance, healthcare, education, and manufacturing sectors. With its central location along the I-95 corridor and access to multiple highways, Richmond benefits from strong transportation infrastructure supporting steady commercial activity. The metro area continues to see growth fueled by corporate expansions, an expanding healthcare industry, and a growing young professional demographic.

Demographics
The surrounding trade area offers solid demographics supporting consistent retail demand. Within a one-mile radius, average household incomes exceed $70,000. Expanding to three miles, average household income rises to approximately $75,000 with a population nearing 55,000. Within five miles, the population surpasses 175,000 residents, with average household incomes around $77,000. Per capita income across the trade area is approximately $34,000, with roughly 20% of households earning over $100,000 annually.

This demographic profile reflects a balanced mix of urban and suburban households with steady economic fundamentals, supporting daily convenience retail and fueling needs.

Property Details
The subject property sits on approximately 1.1 acres at a hard corner location with signalized traffic control. The site features a modern fueling canopy with multiple pump islands, a contemporary convenience store building, and ample parking designed to accommodate high customer turnover and efficient traffic flow. Monument signage and building signage are prominently displayed to maximize tenant visibility.

Ownership is fee simple, granting the investor full rights to the land and improvements without ground lease restrictions. The parcel size allows flexibility for long-term asset management and potential future redevelopment opportunities.

Lease Structure and Tenant Guarantee
The property is leased to 7-Eleven, Inc. under an absolute triple net (NNN) lease structure, where the tenant is responsible for all property-related expenses including taxes, insurance, and maintenance of the roof and structure. This arrangement results in zero landlord responsibilities, offering investors a truly passive income stream.

The initial lease term is 15 years with four successive five-year renewal options, providing up to 35 years of stable tenancy. Scheduled rental increases of 10% every five years provide consistent growth in income and protection against inflation.

The lease is backed by a corporate guarantee from 7-Eleven, Inc., a top-tier convenience retailer with an A-rated credit profile and a nationwide footprint of thousands of stores. This financial strength offers unparalleled security for investors.

Tax Benefits and Bonus Depreciation
As a newly constructed fueling and convenience store property, this asset qualifies for bonus depreciation and accelerated cost segregation, allowing investors to realize significant upfront tax deductions. These tax advantages, combined with steady rental income, enhance after-tax returns, particularly benefiting high-income individuals, 1031 exchange buyers, and institutional investors.

Surrounding Area and Trade Drivers
Richmond’s economy is diverse and growing, supported by sectors such as government, finance, healthcare, education, and manufacturing. The city’s role as Virginia’s capital ensures steady employment from government agencies, while a growing financial sector and healthcare systems bolster daytime population.

The property is located in an established retail corridor with surrounding national tenants including grocery stores, quick service restaurants, banks, and service providers, generating substantial cross-traffic. The nearby residential neighborhoods and office parks provide a consistent consumer base. Access to major highways such as I-95 and I-64 ensures connectivity to the greater Richmond region and supports strong commuter traffic.

Investment Highlights

• Absolute triple net lease with 7-Eleven, Inc., eliminating landlord operational responsibilities.
• 15-year initial lease term with four five-year renewal options, ensuring up to 35 years of secure income.
• Scheduled 10% rental escalations every five years, providing steady income growth and inflation protection.
• Corporate guarantee from 7-Eleven, Inc., a nationally recognized tenant with an A-rated credit profile.
• Fee simple ownership of a 1.1-acre hard-corner parcel, offering long-term control and flexibility.
• Prime location with daily traffic counts exceeding 44,000 vehicles on the main frontage road.
• Solid trade area demographics, with average household incomes above $70,000 within three miles.
• Eligible for bonus depreciation and accelerated cost segregation, providing substantial tax benefits.
• Located within the Richmond MSA, a stable and growing market with strong regional economy.

Buyer Profile and Financing
This asset is ideally suited for 1031 exchange buyers, private investors, family offices, and institutional funds seeking a secure, long-term, passive income investment. The fee simple ownership combined with an absolute NNN lease and corporate guarantee make this property highly financeable and appealing to lenders. Investors benefit from predictable cash flow, income growth, and tax advantages in a region with solid economic fundamentals.

Conclusion
This 7-Eleven in the Richmond MSA represents a premier net lease investment opportunity offering stable, long-term income with inflation protection. Featuring an absolute triple net lease, corporate guarantee, fee simple ownership, and a prime hard corner location with strong traffic and supportive demographics, this asset is well-positioned for long-term performance.

Qualified investors are encouraged to request the full offering memorandum, financial details, and acquisition process information.