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Auto Service - Gas-Conv

7- Eleven Latrobe

3608 US-30, Latrobe, PA 15650

Listing Price: $1,021,553

Cap Rate
8.50%
Tenant Name
7-Eleven
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
761
Lease Type
Absolute Net
Rent Per Square Feet
$114.10

Investment Overview

Marcus & Millichap is pleased to present this single-tenant gas station located at 3608 US-30 in Latrobe, Pennsylvania. The property is situated on a 0.85-acre lot with approximately 885 feet of road frontage and ample parking. The absolute net lease is guaranteed by 7-Eleven, Inc. and is subleased to Gauri Enterprises, LLC, a BP Operator with five locations in the Pittsburgh market. There are currently four years remaining in the base term, with 1.75 percent annual rent increases. Additionally, there are four five-year options to renew, each containing a 10 percent rent increase.

The subject property is well positioned between both lanes of US-30 (27,952 VPD) within 1.5 miles of Latrobe’s retail corridor. Nearby retailers include Walmart, Lowe’s, Giant Eagle, Aldi, Dunham’s, Tractor Supply, among others. The area benefits from a strong retail market, with two million square feet of retail space within a five-mile radius, boasting a 99.5 percent occupancy rate. There are over 82,800 full-time residents with an average household income exceeding $83,500 per year within 10 miles of the asset.

Investment Highlights

  • The absolute net lease is guaranteed by 7-Eleven, Inc. and is subleased to Gauri Enterprises, LLC, a BP Operator with five locations in the Pittsburgh market.
  • There are currently four years remaining in the base term, with 1.75 percent annual rent increases
  • The subject property is well positioned between both lanes of US-30 (27,952 VPD) within 1.5 miles of Latrobe's retail corridor. Nearby retailers include Walmart, Lowe's, Giant Eagle, Aldi and Dunham's

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Auto Service - Gas-Conv

7- Eleven Latrobe

Listing Price: $1,021,553

Cap Rate
8.50%
Tenant Name
7-Eleven
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
761
Lease Type
Absolute Net
Rent Per Square Feet
$114.10

Investment Highlights

  • The absolute net lease is guaranteed by 7-Eleven, Inc. and is subleased to Gauri Enterprises, LLC, a BP Operator with five locations in the Pittsburgh market.
  • There are currently four years remaining in the base term, with 1.75 percent annual rent increases
  • The subject property is well positioned between both lanes of US-30 (27,952 VPD) within 1.5 miles of Latrobe's retail corridor. Nearby retailers include Walmart, Lowe's, Giant Eagle, Aldi and Dunham's

Investment Overview

Marcus & Millichap is pleased to present this single-tenant gas station located at 3608 US-30 in Latrobe, Pennsylvania. The property is situated on a 0.85-acre lot with approximately 885 feet of road frontage and ample parking. The absolute net lease is guaranteed by 7-Eleven, Inc. and is subleased to Gauri Enterprises, LLC, a BP Operator with five locations in the Pittsburgh market. There are currently four years remaining in the base term, with 1.75 percent annual rent increases. Additionally, there are four five-year options to renew, each containing a 10 percent rent increase. The subject property is well positioned between both lanes of US-30 (27,952 VPD) within 1.5 miles of Latrobe’s retail corridor. Nearby retailers include Walmart, Lowe’s, Giant Eagle, Aldi, Dunham’s, Tractor Supply, among others. The area benefits from a strong retail market, with two million square feet of retail space within a five-mile radius, boasting a 99.5 percent occupancy rate. There are over 82,800 full-time residents with an average household income exceeding $83,500 per year within 10 miles of the asset.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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