Listed by SRS Real Estate Partners McLean
$2,623,280
7-Eleven | Lock Haven, PA
Details
APN 23-11836, 23-11836-100, 23-11836-101, 23-11836-99
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,748
Cap Rate 5%
NOI $131,164
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 07/31/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options 5 (5-year)
Year Built 1970
Acreage 14.000
Zoning General Commercial
Parking Spaces 15 spaces
Parking Per SqFt 8.58
Tenant Credit Corporate Guarantee
Lease Commencement 07/17/2018
Ownership Fee Simple (Land & Building)
Retail | 5.00% CAP | 1,748 SqFt
Investment highlights
9+ Years Remaining | Annual Rental Increases | Established Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dense Retail Corridor | Strong National/Credit Tenant Presence | Lock Haven University of Pennsylvania
Signalized, Hard Corner Intersection | Excellent Visibility & Access
Strong Demographics in 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners McLean
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$131,164.00
$10,930.33/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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