- For Sale $3,689,459
- Property Type Retail
- Property Size 2,160 SF
- Lot Size 0.61 Acre
- Year Built 1996
- Date Updated May 14, 2026
Description
The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Richmond, Virginia.
The store operates 24/7 and is corporately leased through January 2036. The subject lease is absolute triple net presenting no landlord
responsibilities. The lease includes 10% rent increases every five years during the initial term and 7.5% increases during the first three
renewal options. As a fuel station asset, the property is eligible for 100% bonus depreciation.
This 2,160 square-foot property is strategically located at a signalized intersection on Forest Hill Avenue, a high-traffic corridor with 30,000
vehicles per day, connecting to major thoroughfares: Powhite Parkway (86,000 VPD) and Chippenham Parkway (82,000 VPD). Directly across
from Food Lion, the property is near prominent retailers including Target, Lowe’s, Walmart, Publix, ALDI, Chick-fil-A, Starbucks, and McDonald’s.
It also benefits from proximity to Huguenot High School (1,500 students) and Willow Oaks Country Club. The area is affluent, with an average
household income exceeding $134,000 within a three-mile radius, and densely populated, with over 244,000 residents within a five-mile
radius.
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Contacts
The Boulder Group
The Boulder Group