Property Details

7-Eleven Corporate Store

Pittsburgh, PA
Property ID: 3542

    Financial Summary

    Asking Price $1,795,000
    Cap Rate 5.40%
    Net Operating Income (NOI) $96,927
    Lease Type NNN
    Lease Term Remaining 13 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Andrew Fallon
    Executive Managing Director
    703.787.4733

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    Highlights

    • Rare 2% annual rent increases
    • 13 Years remaining on the primary lease term
    • Absolute NNN lease
    • Fee simple ownership of improvements; potential for accelerated depreciation (consult your accountant)
    • 7-Eleven strategically acquired the site in 2012, part of EZ Energy portfolio
    • Strong Investment Grade Credit S&P: AA-
    • Located on a hard corner signalized intersection with traffic counts of 16,000 + VPD
    • High population counts of 150,000 within 5 miles & Average HH Income of $88,000 within 3 miles

    Net Lease Advisor

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    Location

    1102 Perry Hwy
    Pittsburgh, PA

    Traci Bidinger7-Eleven Corporate Store