September 19, 2024 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of a new construction 7-Eleven in Harrisonburg, Virginia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $6,528,745.
7-Eleven is located at 2054 Rock Port Drive in Harrisonburg, Virginia. The new construction stand-alone 7-Eleven convenience store and gas station was completed in 2024 and has 14+ years remaining on an Absolute NNN Lease with four (4), 5-Year Options. The Absolute NNN Lease features attractive 10% rent increases every 5-years throughout the primary lease term and at the start of each renewal option period. The new construction 7-Eleven is well-located along Rock Port Drive and is surrounded by new construction retailers and restaurants. The Property enjoys excellent visibility along both Rock Port Drive and Stone Spring Road (VA Route 280), one of the area’s primary commercial and commuter corridors. 7-Eleven offers convenient access to the area’s primary roadways including Port Republic Road (VA Route 253), S Main Street (US Route 11), and Spotswood Trail (US Highway 33), and is 2-miles from Interstate 81. The Property also offers convenient access to Sentara RMH Medical Center, James Madison University, and Downtown Harrisonburg.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.