7-Eleven
Retail | 8.50% CAP | 4,136 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 2481 Som Center Rd, Willoughby Hills, OH 44094. The site consists of roughly 4,136 rentable square feet of building space on an estimated 0.97-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 $183,951 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 55,000 within a three mile radius of the subject property and over 131,000 within a dive mile radius. The average household income exceeds $80,000 within a three mile radius.
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