Address: 301 South Lewis Road, Royersford, Pennsylvania, United States 19468
Type: Gas & Conv. Store
Cap Rate: 6.00%
Annual Rent: $34,800
Net Operating Income: $34,800
Lease Term Remaining: 1.5+ Years
Rental Increases: 6.50% Each Option Period
Options: One (1), Three (3)-Year Option, Two (2), Five (5)-Year Options
Year Built: 1977
Rentable Sq/Ft: 2,412 SF
Rent Sq/Ft: $14.43
Price Sq/Ft: $240
Lot Size: +/- 0.49
Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 301 South Lewis Road in Royersford, PA. This fee-simple 7-Eleven consists of roughly 2,412 rentable square feet of building space on an estimated 0.49-acre parcel of land.
7-Eleven, Inc., the corporate operating entity, is subject to a 2-year extension of the original 32-year (NNN) lease that commenced in May of 1977. The annual rent is$34,800 and will increase by six and a half percent (6.50%) in each of the tenant’s renewal options.
This 7-Eleven property is located at 301 South Lewis Road, Royersford, Pennsylvania. 7-Eleven has successfully operated at this location for over 40 years. Royersford is located just 13 miles from King of Prussia and 30 miles Northwest of Philadelphia.
There are approximately 39,739 individuals residing within a three-mile radius of this 7-Eleven and more than 108,000 individuals within a five-mile radius. This 7-Eleven property is strategically located along South Lewis Road, this section of has an average daily traffic count that exceeds 8,000 vehicles. Nearby, the Pottstown Expressway (U.S. 422) has an average daily traffic count of 111,800 vehicles.
This 7-Eleven benefits from its location along South Lewis Road directly across the street from three Spring-Ford District schools. The Spring-Ford Area School District enrolls approximately 7,700 students each year. In addition to the Spring-Ford School District are a variety of national retailers located in close proximity to this 7-Eleven. National retailers include: Giant Foods, Rite Aid, McDonald’s, Dunkin Donuts, Wawa, KFC/Taco Bell, Advance Auto, Sunoco, CVS, Kohls, TD Bank, and more. Located less than 1.5 miles from this 7-Eleven is the Spring-Ford Country Club. Established in 1924, Spring-Ford County Club has been a place for local families to play golf, socialize, and dine for over 90 years. Additionally, located less than five-miles from this 7-Eleven is Ursinus College, which enrolls over 1,500 students each year. Ursinus College offers a variety of undergraduate degrees and division III athletics competition against schools including Johns Hopkins, Dickinson, Franklin and Marshall, and others.
Montgomery County is the third-most populous county in the U.S. state of the Commonwealth of Pennsylvania. As a suburb of Philadelphia, many of its residents work in the city. However, Montgomery County is also a major employment center with large business parks which attract thousands of workers from all over the region. The strong job base and taxes generated by those jobs have resulted in Montgomery County receiving the highest credit rating of ‘AAA’ from Standard & Poor’s, one of fewer than 30 counties in the United States with such a rating.
Broker of Record: Sean Beuche License #RM424190