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 three 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.