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Former 7-Eleven | Owner/User | Redevelopment 1794 SE Mile Hill Dr

3,050 SF Retail Building Port Orchard, WA 98366 $1,875,432 CAD ($614.90 CAD/SF) 7.11% Cap Rate

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INVESTMENT HIGHLIGHTS

High-Quality 2010 Construction Former 7-Eleven Convenience Store
Excellent Visibility and Access
Income Tax Free State

Pad-Site to Recently Renovated Grocery Anchored Shopping Center
Located Adjacent to South Kitsap High School

EXECUTIVE SUMMARY

Marcus & Millichap’s Brown Retail Group has been selected exclusively to market for sale Former 7-Eleven (Owner/User or Redevelopment) located in Port Orchard, WA. The property is a 3,050 square foot convenience store currently leased to 7-Eleven until December, 2025 with monthly rent of $7,707.70. The new owner will be able to open their own convenience store at the property or redevelop the site into another use at the expiration of the term. The Property features roughly 340 feet of frontage on SE Mile Hill Drive (16,000+ VPD) and numerous access points. The Property is ideally located as a pad-site at the main entrance to Towne Square Retail Center, a roughly 154,000 SF shopping center anchored by Grocery Outlet, Goodwill and Ace Hardware. This shopping center recently underwent a significant renovation with over $5,000,000 in improvements including a brand new storefront The Property is also adjacent to South Kitsap High School, a 4A high school enrolling more than 2,650 students per year. Within a 5-mile radius of the Property, the population grew by over 4.4% in the last five years with average household incomes exceeding $93,000.

7-Eleven (Owner-User or Redevelopment), Port Orchard, WA OM

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Convenience Store

Building Size

3,050 SF

Building Class

Year Built

2010

Price

$1,875,432 CAD

Price Per SF

$614.90 CAD

Cap Rate

7.11%

NOI

$133,433 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

0.30 AC

Opportunity Zone

Yes

Zoning

CITY

Parking

24 Spaces (7.87 Spaces per 1,000 SF Leased)

Frontage

263’ on SE Mile Hill Dr

AMENITIES

Pylon Sign

Signage

MAJOR TENANTS

Retailer
-
$40.39 CAD
Net
Nov 2025

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.