7-Eleven
Retail | 8.50% CAP | 2,448 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 15 Pearl Road, Brunswick, OH 44212. The site consists of roughly 2,448 rentable square feet of building space on an estimated 1.53-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 5/1/2009. The current annual rent is $180,032 and has scheduled increases of none.
Investment highlights
Absolute Triple Net Lease | There are over three (3) years remaining on an absolute triple-net lease, with no landlord responsibilities.
Corporate Guarantee | This lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations. 7-Eleven is the largest convenience store chain in the world, with over 60,000 in eighteen countries, of which over 10,700 in North America.
Strong Demographics | There are over 9,000 individuals within a one mile radius, and over 102,000 within a five mile radius. The area is highly affluent as the average household income exceeds $114,000 within a one mile radius.
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