Listed by SURMOUNT
$2,226,000
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,174
Cap Rate 5.50%
NOI $122,448
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type NNN
Lease Term 20
Lease Expiration 08/29/2038
Remaining Term 12.2
Lease Options 3, 5-Year Options
Year Built 2000
Acreage 0.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/13/1999
Ground Lease Yes
Ownership Ground Lease
Retail | 5.50% CAP | 2,174 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 27010 Dequindre Road, Warren, MI 48092. The site consists of roughly 2,174 rentable square feet of building
space on an estimated .69-acre parcel of land. 7-Eleven is subject to a recently extended lease that originally commenced in 1999 and has over 12 years currently remaining. The current
annual rent is $122,448 and has scheduled increases of 10.00% in 2033 & every 5 years thereafter.
Investment highlights
- Absolute Triple Net Ground Lease with No Landlord Responsibilities | 7-Eleven is under a brand-new absolute triple net lease, placing all expenses on the tenant and eliminating landlord responsibilities. This structure ensures investors receive predictable, passive income with long-term stability.
- 26+ Years of Proven Performance with New 12-Year Extension | 7-Eleven has successfully operated at this location for over 26 years, demonstrating sustained performance, strong site-level economics, and deep-rooted market presence. Reinforcing its long-term commitment, the tenant recently executed a new 12-year lease extension, providing investors with durable, predictable cash flow backed by a nationally recognized operator and a historically stable location.
- Surrounding National Tenancy Driving Retail Demand | The property is located within a well-established retail corridor anchored by a strong lineup of national tenants, including Kroger, CVS, and Walgreens, all of which have nearby locations along Dequindre Road. Additional national retailers in the surrounding trade area include Walmart, Dollar General, McDonald's, Taco Bell, and AutoZone, creating a dense concentration of necessity-based and convenience-driven retail.
- National Credit Tenant | 7-Eleven | The subject property is leased to 7-Eleven, the largest convenience store operator in the world, with over 13,000 locations across North America. The brand’s strong recognition, essential retail positioning, and consistent consumer demand provide investors with durable, recession-resistant cash flow backed by a proven operator.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,448.00
$10,204.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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