Auto Service - Gas-Conv

7-Eleven (Dark)

316 County Rte 111, Macedonia, OH 44056

Listing Price: $3,243,814

Cap Rate
7.00%
Tenant Name
7-Eleven (Dark)
Gross SF
3,616
Guarantor
Corporate Guarantee
Rentable SF
3,616
Price/Gross SF
$897.07
Lease Type
Absolute Net
Rent Per Square Feet
$62.80

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 316 East Highland Road in Macedonia, Ohio. The property consists of roughly 3,616 rentable square feet of building space on an estimated 1.42-acre parcel of land.
This 7-Eleven is subject to a 20-Year Absolute Triple-Net (NNN) lease with 11 years remaining. In December 2020 the rent increases to $227,067 and continues to increase annually for the remainder of the lease term and into the option periods. There are four, five year renewal options bringing the total possible lease term to 40 years.

Investment Highlights

  • 11 Years Remaining on an Original 20-Year Triple-Net (NNN) Lease
  • Four (4), Five (5) Year Options To Renew
  • Investment Grade Credit: 7-Eleven Corporate (S&P: AA-)

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Auto Service - Gas-Conv

7-Eleven (Dark)

Listing Price: $3,243,814

Cap Rate
7.00%
Tenant Name
7-Eleven (Dark)
Gross SF
3,616
Guarantor
Corporate Guarantee
Rentable SF
3,616
Price/Gross SF
$897.07
Lease Type
Absolute Net
Rent Per Square Feet
$62.80

Investment Highlights

  • 11 Years Remaining on an Original 20-Year Triple-Net (NNN) Lease
  • Four (4), Five (5) Year Options To Renew
  • Investment Grade Credit: 7-Eleven Corporate (S&P: AA-)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 316 East Highland Road in Macedonia, Ohio. The property consists of roughly 3,616 rentable square feet of building space on an estimated 1.42-acre parcel of land.
This 7-Eleven is subject to a 20-Year Absolute Triple-Net (NNN) lease with 11 years remaining. In December 2020 the rent increases to $227,067 and continues to increase annually for the remainder of the lease term and into the option periods. There are four, five year renewal options bringing the total possible lease term to 40 years.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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