Available For Sale - Retail

5,082 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,082 SF
Price/SF
Show Pricing $
Listing ID
SA387947
Notes
Cap Rate 5.35%

NOI $73,000

Building Size 5,082 sqft

Lot Area 0.9 acres

Tenancy Single



Investment Grade Tenant: Lease guaranteed by 7-Eleven Inc. (S&P AA-)

-13.5 years remaining on the primary lease term

-Absolute NNN lease with no landlord responsibilities

-10% rental increases every 5 years in base term and options

-Three 5-year options with 10% rental increases



7-Eleven Announced it Expects to Hire 20,000 New Store Employees Nationwide to Meet Increased Demand Due to COVID-19



Recent Lease Extension: 7-Eleven recently extended the lease at this location 15 years speaking to the strength and performance of the location



Seasoned Location: 35-year operating history



Fee Simple Ownership Structure: Allowing owner to depreciate improvements
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jeremy McChesney, Hanley Investment Group