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18-YR INITIAL TERM 7-Eleven - Bridgeville, DE
Newly Built Absolute NNN 7-Eleven
Listing Contacts
License: PA RS330265
Active
Asking Price: $8,569,720
Address
20494 Sussex Hwy, Bridgeville, DE 19933
Show on MapDate Added
Aug 22, 2022
Days on Market
935 days
Time Since Last Update
84 days
Details
Property TypeRetail
SubtypeGas Station
Investment TypeNet Lease
Investment Sub TypeAbsolute NNN
Lease TypeAbsolute NNN
Tenant CreditCredit Rated
TenancySingle
Brand/Tenant7-Eleven
Lease Term18.1 years
Lease Commencement06/01/2023
Lease Expiration06/30/2041
Remaining Term16.3 years
Square Footage4,063
Price/Sq Ft$2,109.21
Cap Rate5.00%
Occupancy100%
Occupancy Date06/01/2023
NOI$428,486
Units1
Year Built2023
Buildings1
Stories1
ZoningCommercial
Lot Size (acres)3.09
Rent Bumps10% every 5 Years
Gas Pumps12
Lease Options4-Five Year
Ground LeaseNo
OwnershipPennTex Ventures, LLC
Marketing Description
*RARE 18-YR INITIAL TERM*
-18-yr Absolute NNN Lease
-Zero Landlord Responsibilities
-4-Five Year Options
-10% Rental Increases Every 5 Years
-Brand New Construction with Accelerated Depreciation Benefits
-Corporate Guaranteed by 7-Eleven, Inc. (Investment Grade Rating A)
-Rent commenced June 1, 2023
-Site includes gas – 8 regular, 4 diesel
Investment Highlights
*RARE 18-YR INITIAL TERM*
-18-yr Absolute NNN Lease
-Zero Landlord Responsibilities
-4-Five Year Options
-10% Rental Increases Every 5 Years
-Brand New Construction with Accelerated Depreciation Benefits
-Corporate Guaranteed by 7-Eleven, Inc. (Investment Grade Rating A)
-Rent commenced June 1, 2023
-Site includes gas – 8 regular, 4 diesel
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$428,486.00
$35,707.17/mo
Valuation Metrics
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0
DSCR
5%
Cap Rate
5%
ROI
Property History
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Due Diligence
Listing Contacts
- License: PA RS330265
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