Pinnacle Announces Sale of 7 Eleven in Richmond, VA
Posted on July 21, 2022
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 3,440 square foot 7 Eleven for $7,250,000 located at 1301 N Laburnum Avenue in Richmond, VA. Elizabeth Morgan, Cody Stambaugh and Natalie Dupree of The Morgan Stambaugh Group represented the seller in the transaction.
“We represented the seller of the 7 Eleven on the acquisition of this property in 2019. The market for single tenant net leased investment properties strengthened significantly in one year and was a great opportunity for him to sell. The seller will 1031 Exchange into another single tenant net leased investment.”