7-Eleven
Retail | 8.50% CAP | 2,700 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 959 Steeles Corner Rd, Stow, OH 44224. The site consists of roughly 2,700 rentable square feet of building space on an estimated 2.39-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 $155,674 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 53,000 individuals within a three mile radius and over 122,000 within a five mile radius. The area is highly affluent as the average household income exceeds $107,000 within a one mile radius.
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