Auto Service - Gas-Conv
7-Eleven (New 20-Year Absolute Net Lease)
209 Ohio River Blvd, Sewickley, PA 15143
Listing Price: $5,790,000
Investment Overview
Offered for sale is a 6,730-square-foot 7-Eleven with fuel on 1.20 acres at 209 Ohio River Boulevard in Sewickley, Pennsylvania, part of the Pittsburgh MSA. The property is leased to 7-Eleven, Inc. (S&P: A-) on a new 20-year absolute net lease that runs through December 31, 2046. Rent increases 10 percent every five years starting in 2037, and the lease includes four 5-year renewal options. The signalized hard-corner site sees 26,712 VPD and has 12 fueling positions. The leased premises also include an attached former service center.
7-Eleven (New 20-Year Absolute Net Lease)
Investment Highlights
- New 20-Year Absolute Net Lease With Scheduled Rent Increases
- Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)
- Highly Affluent, Dense Infill Area – Average Household Income of Over $168,295 in a One-Mile Radius With More Than 73,976 Individuals in a Five-Mile Radius
- Signalized Hard-Corner Location in a High-Traffic Trade Area (26,712 VPD)
- Long-Standing Fuel Site on 1.20-Acre Parcel
- Attached Former Service Center Included Under Lease
- Pittsburgh MSA With Approximately 2.3 Million Residents
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
Auto Service - Gas-Conv
7-Eleven (New 20-Year Absolute Net Lease)
Listing Price: $5,790,000
Investment Highlights
- New 20-Year Absolute Net Lease With Scheduled Rent Increases
- Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)
- Highly Affluent, Dense Infill Area – Average Household Income of Over $168,295 in a One-Mile Radius With More Than 73,976 Individuals in a Five-Mile Radius
- Signalized Hard-Corner Location in a High-Traffic Trade Area (26,712 VPD)
- Long-Standing Fuel Site on 1.20-Acre Parcel
- Attached Former Service Center Included Under Lease
- Pittsburgh MSA With Approximately 2.3 Million Residents
Investment Overview
Offered for sale is a 6,730-square-foot 7-Eleven with fuel on 1.20 acres at 209 Ohio River Boulevard in Sewickley, Pennsylvania, part of the Pittsburgh MSA. The property is leased to 7-Eleven, Inc. (S&P: A-) on a new 20-year absolute net lease that runs through December 31, 2046. Rent increases 10 percent every five years starting in 2037, and the lease includes four 5-year renewal options. The signalized hard-corner site sees 26,712 VPD and has 12 fueling positions. The leased premises also include an attached former service center.
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
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