Listed by Matthews
$1,398,000
7-Eleven | NNN | Fee Simple
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 2,720
Net Rentable (SqFt) 2,720
Cap Rate 5.50%
NOI $76,894
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Expiration 05/31/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $514
Year Built 1982
Acreage 0.350
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
93rd Percentile Foot Traffic in PA
Investment highlights
- Investment-Grade Tenant: 7-Eleven carries an ‘A-’ credit rating from Standard & Poor’s, reflecting strong financial stability and institutional-quality credit.
- High Foot Traffic: Property ranks in the 93rd percentile within the state and 83rd percentile nationally for customer visits.
- Strong Retail Synergy: Situated directly across from a Giant Food Store ranking in the 96th percentile nationally, driving consistent daily traffic to the corridor.
- Proven Location: Successfully operating for over 40 years, underscoring long-term site viability and performance.
- Absolute NNN Lease: Zero landlord responsibilities, providing passive ownership.
- Recent Option Exercise: Tenant has recently renewed, signaling long-term commitment to the site.
- Inflation Hedge: Lease features scheduled rental increases of 10% every five years.
- Prime Corner Positioning: Located at a signalized intersection with excellent visibility, frontage, and exposure.
- Strong Traffic Counts: Approximately ±46,500 vehicles per day pass the site.
- Fee Simple Ownership: Ownership includes both land and improvements.
- Excellent Accessibility: Dual access points from both intersecting streets enhance ingress and egress.
- Recession-Resistant Use: Convenience retail offers stable, necessity-driven income.
- Philadelphia MSA: Positioned within the 8th largest metropolitan statistical area in the United States.
- Dense Population Base: Over 104,000 residents within a 3-mile radius and 220,000+ within 5 miles.
- Affluent Trade Area: Average household incomes exceed $108,000 within a 3-mile radius.
- Established Retail Corridor: Surrounded by national and regional tenants including Giant, Burger King, Wells Fargo, Valvoline, Dunkin’, Subway, Dollar General, Walgreens, Wawa, Taco Bell, Wendy’s, and more.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,894.32
$6,407.86/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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