Skip to main content

Auto Service - Gas-Conv

7-Eleven

4775 McKnight Rd, Pittsburgh, PA 15237

Listing Price: $2,660,060

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
1,662
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.03

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 4775 McKnight Road in Pittsburgh, Pennsylvania. The property consists of roughly 1,662 rentable square feet of building space on an estimated 0.67-acre parcel of land. This 7-Eleven is subject to a 20-Year Absolute Triple-Net (NNN) lease with over 6 years remaining. The current rent is $130,396 and increases 2% annually throughout the remainder of the lease. There is one, five-year renewal option followed by one 4.5-year renewal option bringing the total possible lease term to 29.5 years.

Investment Highlights

  • Original 20-Year Absolute Triple-Net (NNN) Lease, Over 6.5 Years Remaining
  • Rare 2% Annual Rental Increases | Strong Inflation Hedge
  • One 5 Year Renewal Option & One 4.5 Year Renewal Option

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Auto Service - Gas-Conv

7-Eleven

Listing Price: $2,660,060

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
1,662
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.03

Investment Highlights

  • Original 20-Year Absolute Triple-Net (NNN) Lease, Over 6.5 Years Remaining
  • Rare 2% Annual Rental Increases | Strong Inflation Hedge
  • One 5 Year Renewal Option & One 4.5 Year Renewal Option

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 4775 McKnight Road in Pittsburgh, Pennsylvania. The property consists of roughly 1,662 rentable square feet of building space on an estimated 0.67-acre parcel of land. This 7-Eleven is subject to a 20-Year Absolute Triple-Net (NNN) lease with over 6 years remaining. The current rent is $130,396 and increases 2% annually throughout the remainder of the lease. There is one, five-year renewal option followed by one 4.5-year renewal option bringing the total possible lease term to 29.5 years.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

MM Texture Background
MM Textured Background Lower