Listed by Encore Real Estate Investment Services
$1,818,000
7-ELEVEN
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 2,620
Cap Rate 5.5%
NOI $100,000
Tenancy Single
Lease Type NNN
Lease Term 75.4
Lease Expiration 11/30/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options (4) 5 Year Options
Acreage 0.370
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/1960
Ground Lease No
Retail | 5.50% CAP | 2,620 SqFt
Investment highlights
- Recent 10 Yr Lease Extension | 65+ Years of Operating History Showing Strong Commitment To Site
- 10% Rent Increases Every Five Years | (4) Five Year Options
- Prominent Demographics | 1-Mile AVG HHI Exceeds: $130K+ | 5-Mile: Population Exceeds 259,000
- 2,620 SF Single Tenant Net Lease 7-Eleven Situated on .37 Acres
- Triple "NNN" Net Lease | Landlord Responsible For Structure Only
- Less Than 3 Miles From Mercer County College & Thomas Edison State University | 20 Minutes Outside Philadelphia
- Morrisville Benefits From Its Location Directly Across The Delaware River From Trenton, NJ
- Intersection of Trenton & Alden | Hard Signalized Corner Over 13,000+ VPD w/ Multiple Points of Access
- Strong Daytime Employment | 5-Mile: 133K+ Employees & Over $2.95B Consumer Spending ($830M in Food & Alcohol)
- Corporate Lease Guaranty - Investment Grade | 7-Eleven - S&P A & Moody's Baa2
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$100,000.00
$8,333.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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