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7-Eleven

Ellwood City, Pennsylvania

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NNN Pro Group is pleased to present the exclusive listing for a 7-Eleven located at 201 North Street located in Ellwood City, Pennsylvania. The property consists of roughly 3,000 rentable square feet of building space on an estimated 0.69 parcel of land.
7-Eleven is subject to a 13-Year Absolute Triple-Net (NNN) lease. The initial rent is $102,000 annually with 10% increases every 5 years throughout the base term and in each of the three (3), five (5)-year tenant renewal options, which extends the total possible lease term to 28 years.

About the Investment:

✓ Long Term 13-Year Absolute Triple-Net (NNN) Lease
✓ 10% Rental Increase Occurring in Year 4
✓ Three (3), Five (5)-Year Tenant Renewal Options
✓ Investment Grade Credit Guaranty | 7-Eleven Corporate (S&P: AA-)

Key Details

Price:
$1,942,857
Cap Rate:
5.25%
Annual Rent:
$102,000
Address:
201 North Street, Ellwood City, Pennsylvania 16117
Property Type:
Net-Leased Convenience Store / Gas Station
Lease Type:
Absolute Triple-Net (NNN)

Lease Commencement:
April 4th, 2001
Lease Expiration:
October 31st, 2036
Lease Term Remaining:
13 Years
Rental Increases:
10% Every Five (5)-Years
Lot Size:
+/- 0.69 Acres
Building Size:
3,000 SF
Year Built:
1998
Tenant:
7-Eleven

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Russell Wachtler

License: 10401294048

Edward DeMatteis

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RM432816


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