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

3,050 SF Retail Building Port Orchard, WA 98366 $1,866,657 CAD ($612.02 CAD/SF) 7.11% Cap Rate

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,050 SF
Building Class
B
Year Built
2010
Price
$1,866,657 CAD
Price Per SF
$612.02 CAD
Cap Rate
7.11%
NOI
$132,808 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

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • 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.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - $40.39 CAD Net Nov 2025

NEARBY MAJOR RETAILERS

Jazzercise
Grocery Outlet
WW
Albertsons
Starbucks
U.S. Bank
Bank of America
KeyBank
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
362401-2-096-2006
Land Assessment
$223,606 CAD
Improvements Assessment
$755,887 CAD
Total Assessment
$979,493 CAD
  • Listing ID: 33940183

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 1794 SE Mile Hill Dr, Port Orchard, WA 98366

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