7-Eleven

1928 Holland Road Suffolk, VA 23434

  • 2,900 Square Feet
  • Retail
  • For Sale

Summary Description

MODERN PROTOTYPE CONSTRUCTION! We are pleased to present to purchase a fee simple, absolute NNN ground lease to 7 Eleven, Inc - the largest convenience store chain in the world that is currently rated AA-, Outlook: Stable by Standard and Poor (Investment Grade) at the hard corner of Kenyon Road and Holland Road in Suffolk, VA. Last year, 7 Eleven signed a 15 year lease that includes 4 - 5 year option periods. There are fixed 10% rental increases every 5 years, including options. The building is comprised of 2,900 square feet and is paying just over $22 PSF in rent per year.

Property Status: Absolute NNN Lease

Price: $1,480,222.00

Building Size: 2900 Square Feet

Area Available: 2,900 Square Feet

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