7-Eleven - Bealeton, VA | 11022 Marsh Rd
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7-Eleven - Bealeton, VA 11022 Marsh Rd
2,604 SF Retail Building Bealeton, VA 22712 £2,492,665 (£957/SF) 5.65% Net Initial Yield
Investment Highlights
- 10-mile trade area with 40,500 residents and 18,000 employees, boasting an affluent average household income of $144,356.
- Walking distance to 3 schools with over 2,400 students, boosting local foot traffic.
- Located at a signalized, hard-corner intersection with 33,000+ vehicles passing daily, offering excellent visibility and multiple access points.
- Close to popular brands like Starbucks, Popeye’s, Arby’s, Sheetz, and more, enhancing consumer draw.
- Adjacent to Bealeton Village Center (Food Lion-anchored), with nearby national tenants like McDonald's, Walgreens, and Truist Bank.
Executive Summary
• The tenant, 7-Eleven, Inc., has approximately 10 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• 7-Eleven has over 14,000 locations throughout the world, and continues to be a leader in the gas and convenience store space
• Tenant pays for CAM, utilities, insurance and maintains most aspects of the premises
• Limited landlord responsibilities include roof and structure
• Reimbursed by tenant: Taxes
• Ideal, low-management investment for a passive investor
• The 7-Eleven is located at the signalized, hard-corner intersection of Catlett Rd and Marsh Rd, combining to average over 33,000 vehicles passing by daily
• Marsh Rd is a major retail thoroughfare serving the city of Bealeton
• The site benefits from excellent visibility via significant street frontage and multiple points of ingress/egress
• The site is adjacent to Bealeton Village Center, which includes an 88,000+ square foot Food Lion anchored center and McDonald’s, Walgreens, and Truist Bank pads
• The asset is within walking distance to 3 different schools (Liberty High School, Grace Miller Elementary School, and Cedar Lee Middle School), combining to total over 2,400 students
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Starbucks, Popeye’s, Arby’s, Sheetz, AT&T, Family Dollar, Anytime Fitness, and more, further increasing consumer traffic to the site
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The 10-mile trade area is supported by approximately 40,500 residents and 18,000 employees, providing a direct consumer base from which to draw
• Residents within 10 miles of the subject property boast an affluent average household income of $144,356
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• 7-Eleven has over 14,000 locations throughout the world, and continues to be a leader in the gas and convenience store space
• Tenant pays for CAM, utilities, insurance and maintains most aspects of the premises
• Limited landlord responsibilities include roof and structure
• Reimbursed by tenant: Taxes
• Ideal, low-management investment for a passive investor
• The 7-Eleven is located at the signalized, hard-corner intersection of Catlett Rd and Marsh Rd, combining to average over 33,000 vehicles passing by daily
• Marsh Rd is a major retail thoroughfare serving the city of Bealeton
• The site benefits from excellent visibility via significant street frontage and multiple points of ingress/egress
• The site is adjacent to Bealeton Village Center, which includes an 88,000+ square foot Food Lion anchored center and McDonald’s, Walgreens, and Truist Bank pads
• The asset is within walking distance to 3 different schools (Liberty High School, Grace Miller Elementary School, and Cedar Lee Middle School), combining to total over 2,400 students
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Starbucks, Popeye’s, Arby’s, Sheetz, AT&T, Family Dollar, Anytime Fitness, and more, further increasing consumer traffic to the site
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The 10-mile trade area is supported by approximately 40,500 residents and 18,000 employees, providing a direct consumer base from which to draw
• Residents within 10 miles of the subject property boast an affluent average household income of $144,356
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,604 SF
Building Class
C
Year Built/Renovated
1986/1994
Price
£2,492,665
Price Per SF
£957
Net Initial Yield
5.65%
NOI
£140,817
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
C2 R4 - mixed-use zoning classification, where both commercial (C2) and residential (R4) uses are permitted, although the specific interpretation can vary by
Parking
12 Spaces (4.61 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6899-25-0996 | Improvements Assessment | £383,919 |
| Land Assessment | £504,063 | Total Assessment | £887,982 |
PROPERTY TAXES
Parcel Number
6899-25-0996
Land Assessment
£504,063
Improvements Assessment
£383,919
Total Assessment
£887,982
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7-Eleven - Bealeton, VA | 11022 Marsh Rd
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