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7-Eleven

815 Hamilton Ave, Waterbury, CT 06706

Listing Price: $6,911,000

Cap Rate
4.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
4,088
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$67.62

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the new construction 7-Eleven located at 815 Hamilton Avenue in Waterbury, CT. The property consists of roughly 4,088 rentable square feet of building space on an estimated 1.98-acre parcel of land. 7-Eleven is subject to a 15-Year Triple-Net (NNN) lease with a rent commencement when the tenant opens for business. We anticipate construction to be complete by the end of the year or early next year. The initial rent will be $248,000 with 7.5% increases every 5 years. There are also five (5), five (5)-year tenant renewal options, extending the total possible lease term to 40 years. In addition to the 7-Eleven income, the property contains a billboard leased to The Lamar Companies, which is a publicly traded company (LAMR) and has more than 390,000 displays across North America. The lease has roughly 15 years remaining with an annual rent of $15,000 with 15% increases every five years. Furthermore, the property also contains a cell tower leased to Omnipoint Communications Inc that produces an additional $9,600 of rent per year.

Investment Highlights

  • Brand New Built to Suit Construction | Rare New England 7-Eleven Opportunity
  • 15-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Five (5), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven

Listing Price: $6,911,000

Cap Rate
4.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
4,088
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$67.62

Investment Highlights

  • Brand New Built to Suit Construction | Rare New England 7-Eleven Opportunity
  • 15-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Five (5), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the new construction 7-Eleven located at 815 Hamilton Avenue in Waterbury, CT. The property consists of roughly 4,088 rentable square feet of building space on an estimated 1.98-acre parcel of land. 7-Eleven is subject to a 15-Year Triple-Net (NNN) lease with a rent commencement when the tenant opens for business. We anticipate construction to be complete by the end of the year or early next year. The initial rent will be $248,000 with 7.5% increases every 5 years. There are also five (5), five (5)-year tenant renewal options, extending the total possible lease term to 40 years. In addition to the 7-Eleven income, the property contains a billboard leased to The Lamar Companies, which is a publicly traded company (LAMR) and has more than 390,000 displays across North America. The lease has roughly 15 years remaining with an annual rent of $15,000 with 15% increases every five years. Furthermore, the property also contains a cell tower leased to Omnipoint Communications Inc that produces an additional $9,600 of rent per year.

Exclusively Listed By

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