7-Eleven

1655 W Washington St, Bolivar, WV 25425

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For Sale

Description

LONG-TERM ABSOLUTE NNN LEASE
There are currently ±10 years remaining on the lease term followed by two (2), 5-year renewal options.
ESTABLISHED LOCATION
This site has operated as a convenience store for more than 45 years, with 7-Eleven exhibiting a long-standing and successful track record at this location.
RECENT LEASE EXTENSION
Demonstrates tenant’s commitment to and performance at this location.
CORPORATE LEASE GUARANTY WITH INVESTMENT-GRADE CREDIT
The lease is corporately guaranteed by 7-Eleven, the largest convenience store chain in the world with over 84,500 locations, currently holding an Investment-Grade Standard & Poor’s Credit Rating of “A.”
GREAT ACCESS, FRONTAGE, AND VISIBILITY
Situated at the corner of W Washington Street and Paul Courtney Drive, with ±115' feet of frontage and multiple points of direct access.
PASSIVE OWNERSHIP ASSET EASY TO MANAGE
Absolute triple net lease with zero landlord responsibilities.
RECESSION-PROOF AND E-COMMERCE RESISTANT
7-Eleven is a “Recession-Proof” tenant and e-commerce resistant.
STEPS FROM HARPERS FERRY & BOLIVAR HEIGHTS BATTLEFIELD
Ideally situated between two major tourist destinations—Harpers Ferry National Historical Park (±427,317 annual visitors) to the east and Bolivar Heights Battlefield (300,000+ annual visitors) to the west. Bolivar Heights is a prominent Civil War site, historically significant for its strategic vantage point overlooking Harpers Ferry. To the east, Harpers Ferry National Historical Park is celebrated for its rich heritage and scenic landscapes. Key attractions include John Brown’s Fort, Jefferson Rock, and the Appalachian Trail Conservancy Headquarters, as the Appalachian Trail runs directly through the town.
STRATEGIC LOCATION
The property is located ±60 miles northwest of Washington, D.C. and ±40 miles from Washington Dulles International Airport (IAD) seeing over 27 million annul passengers.

Pricing

Financials

Price: $2,307,692
Cap Rate: 6.50%
NOI: $150,000

Property Details

Specs

Building Size: ±24,092 SF
Year Built: 1980
Land Area: ±0.05 AC (2,250 SF)
Property Type: Retail

Description

LONG-TERM ABSOLUTE NNN LEASE
There are currently ±10 years remaining on the lease term followed by two (2), 5-year renewal options.
ESTABLISHED LOCATION
This site has operated as a convenience store for more than 45 years, with 7-Eleven exhibiting a long-standing and successful track record at this location.
RECENT LEASE EXTENSION
Demonstrates tenant’s commitment to and performance at this location.
CORPORATE LEASE GUARANTY WITH INVESTMENT-GRADE CREDIT
The lease is corporately guaranteed by 7-Eleven, the largest convenience store chain in the world with over 84,500 locations, currently holding an Investment-Grade Standard & Poor’s Credit Rating of “A.”
GREAT ACCESS, FRONTAGE, AND VISIBILITY
Situated at the corner of W Washington Street and Paul Courtney Drive, with ±115' feet of frontage and multiple points of direct access.
PASSIVE OWNERSHIP ASSET EASY TO MANAGE
Absolute triple net lease with zero landlord responsibilities.
RECESSION-PROOF AND E-COMMERCE RESISTANT
7-Eleven is a “Recession-Proof” tenant and e-commerce resistant.
STEPS FROM HARPERS FERRY & BOLIVAR HEIGHTS BATTLEFIELD
Ideally situated between two major tourist destinations—Harpers Ferry National Historical Park (±427,317 annual visitors) to the east and Bolivar Heights Battlefield (300,000+ annual visitors) to the west. Bolivar Heights is a prominent Civil War site, historically significant for its strategic vantage point overlooking Harpers Ferry. To the east, Harpers Ferry National Historical Park is celebrated for its rich heritage and scenic landscapes. Key attractions include John Brown’s Fort, Jefferson Rock, and the Appalachian Trail Conservancy Headquarters, as the Appalachian Trail runs directly through the town.
STRATEGIC LOCATION
The property is located ±60 miles northwest of Washington, D.C. and ±40 miles from Washington Dulles International Airport (IAD) seeing over 27 million annul passengers.