Listed by Silber Investment Properties Ltd
$535,000
7-11/Mobil Gas Station- Corning, NY
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,650
Cap Rate 7.00%
NOI $37,272
Tenancy Single
Lease Type NN
Lease Expiration 04/30/2030
Rent Bumps Yes
Lease Options Four (4) @ Five (5) Years
Acreage 0.240
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A
7-11/Mobil Gast Station | 7.00% CAP | $535,000
Marketing description
Silber Investment Properties is proud to exclusively represent 40 Denison Pkwy E Corning, NY. The lease is corporately guaranteed by 7-11. The tenant, 7-11 recently took their option which shows the strength of the location. Very Rare to find such a low price point 7-11/Gas Sation. Please call Amanda Gordon to discuss further at 516 732 7079.
Investment highlights
- Located at a traffic light regulated intersection
- Located on Denison Pkwy E with 18,690 VPD
- Multiple ingress/egress point allows for easy access
- Close proximity to Empire State University at Corning
Listing Contacts
Listed by Silber Investment Properties Ltd
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,272.00
$3,106.00/mo
Valuation Metrics
0
DSCR
6.97%
Cap Rate
6.97%
ROI
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