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Auto Service - Gas-Conv

High Demand Area I 7-Eleven, Inc. I 24-Hour, High Speed Diesel Location I I 10% Increases

10085 Outville Rd, Kirkersville, OH 43033

Listing Price: $11,595,479

Cap Rate
5.35%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.9
Gross SF
5,372
Guarantor
Corporate Guarantee
Rentable SF
5,372
Price/Gross SF
$2,158.50
Lease Type
Absolute Net
Rent Per Square Feet
$115.48

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven, Inc. dba Speedway located on I-70 within the Columbus, Ohio MSA. There is a brand new 15-year lease in place with 10 percent rental escalations every five-years in the base term, and each of the four, five-year options. Rent is projected to commence in September, 2025. The subject property is a large format Speedway situated on approximately 9.13 acres featuring a Raise the Roost Chicken & Biscuits restaurant.

Investment Highlights

  • 7-Eleven, Inc. Brand New Construction, 15-Year Base Term, Absolute Net Lease with 10 Percent Rental Escalations Every Five-Years Including in all Options
  • High Demand Location - Directly Across Interstate-70 from 95th percentile (placer.ai) Pilot Flying J that is Ranked 3,361 out of 75,700 Gas/C-Stores Nationwide
  • 24-Hour Store; Strategic High Speed Diesel and 7FLEET location, large Format Store
  • S&P A-/Stable Credit Rated; 7-Eleven, Inc. is the Largest Convenience Store Chain with Approximately 13,000 Locations in North America
  • Columbus is a Major Logistics Hub Within a One Day's Drive of 60 Percent of the U.S. Population and 50 Percent of the Canadian Population, Columbus has One of the Few Dedicated Cargo Airports in the U.S., Rickenbacker International Airport
  • Fee Simple Ownership - Bonus Depreciation! Ask Your Tax Adviser
  • No ROFR

Exclusively Listed By

Auto Service - Gas-Conv

High Demand Area I 7-Eleven, Inc. I 24-Hour, High Speed Diesel Location I I 10% Increases

Listing Price: $11,595,479

Cap Rate
5.35%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.9
Gross SF
5,372
Guarantor
Corporate Guarantee
Rentable SF
5,372
Price/Gross SF
$2,158.50
Lease Type
Absolute Net
Rent Per Square Feet
$115.48

Investment Highlights

  • 7-Eleven, Inc. Brand New Construction, 15-Year Base Term, Absolute Net Lease with 10 Percent Rental Escalations Every Five-Years Including in all Options
  • High Demand Location - Directly Across Interstate-70 from 95th percentile (placer.ai) Pilot Flying J that is Ranked 3,361 out of 75,700 Gas/C-Stores Nationwide
  • 24-Hour Store; Strategic High Speed Diesel and 7FLEET location, large Format Store
  • S&P A-/Stable Credit Rated; 7-Eleven, Inc. is the Largest Convenience Store Chain with Approximately 13,000 Locations in North America
  • Columbus is a Major Logistics Hub Within a One Day's Drive of 60 Percent of the U.S. Population and 50 Percent of the Canadian Population, Columbus has One of the Few Dedicated Cargo Airports in the U.S., Rickenbacker International Airport
  • Fee Simple Ownership - Bonus Depreciation! Ask Your Tax Adviser
  • No ROFR

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven, Inc. dba Speedway located on I-70 within the Columbus, Ohio MSA. There is a brand new 15-year lease in place with 10 percent rental escalations every five-years in the base term, and each of the four, five-year options. Rent is projected to commence in September, 2025. The subject property is a large format Speedway situated on approximately 9.13 acres featuring a Raise the Roost Chicken & Biscuits restaurant.

Exclusively Listed By

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