Property details

7 Eleven For Sale, Northeast Region

Property Description

7 Eleven For Sale

7 Eleven For Sale located at a major University intersection. This 7 Eleven for sale is less than 1 Mile to a major University.

7 Eleven Corporate signature on the lease. A 7 Eleven for sale, like this one, with 8 gas pumps, is sought after by 7 Eleven buyers for the special 15 year depreciation allowing quick cost recovery.

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About the Tenant

7-Eleven Corporately signed lease.

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Highlights

Status:
Sold
Price:
$1,995,000
PSF:
$665
Cap Rate:
7.09%
Annual Rent:
$108,000
Rent Increases:
15% every 5 Years
 

Property Information

Building Size:
3,000 sq.ft.
Property Type:
Ground Lease
Industry Type:
Convenience Store - Gas
Units/Spaces:
1
Land Area:
1.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
7-Eleven
Lease Type:
NNN
Lease Commencement:
01/11/2005
Lease Expiration:
01/10/2025
Lease Term:
20 years
Lease Remaining:
10.1 years
Landlord Responsibilities:
None
Options:
2 5-year options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.