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Views: 12 DOM: 13 Updated: 09.03.24 Posted: 09.03.24 Status: Active

Summary

Price $1,669,296
Built/Renov 2000
Tenant 7-Eleven
Cap Rate 5.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,536
Lease Start 01-01-2010
#Units 83,282
Price/SF $658.24
Expiration 12-31-2029
Tenant Type Convenience/Gas
NOI $87,638
R. Term 5.3
Ownership Fee Simple
Rent/SF $34.56
Increases 10.0%/4/yrs
Pop 5Mi 527,681
Lot/AC 0.15
Options 2/5yrs/10%
AHHI 5Mi $88,171

Lease Highlights

  • 7-Eleven has been operating in this location since 2010
  • The tenant has 5+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of E Centre Street and North Charles Street, with access to a combined daily traffic count of 30,887 vehicles. The property is just 0.2 miles from Interstate 83, which sees 103,371 VPD, and is situated in close proximity to the Washington Monument, numerous hotels, major corporations, and state government offices....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...


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Listing Broker

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