RARE 18-YR INITIAL TERM 7-Eleven | 20494 Sussex Hwy
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RARE 18-YR INITIAL TERM 7-Eleven 20494 Sussex Hwy
4,063 SF Retail Building Bridgeville, DE 19933 $8,569,720 ($2,109/SF) 5% Cap Rate
Investment Highlights
- 18-YR INITIAL TERM Absolute NNN 7-Eleven
Executive Summary
- RARE 18-yr INITIAL TERM Absolute NNN Lease
- BONUS DEPRECIATION ELIGIBLE
- Zero Landlord Responsibilities
- 4-Five Year Options
- 10% Rental Increases Every 5 Years
- Brand New Construction with Accelerated
- Depreciation Benefits
- Corporate Guaranteed by 7-Eleven, Inc.
(Investment Grade Rating A)
- Rent commenced June 1, 2023
- Site includes gas – 8 regular, 4 diesel
- 27,238 Average Daily Traffic
- BONUS DEPRECIATION ELIGIBLE
- Zero Landlord Responsibilities
- 4-Five Year Options
- 10% Rental Increases Every 5 Years
- Brand New Construction with Accelerated
- Depreciation Benefits
- Corporate Guaranteed by 7-Eleven, Inc.
(Investment Grade Rating A)
- Rent commenced June 1, 2023
- Site includes gas – 8 regular, 4 diesel
- 27,238 Average Daily Traffic
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Building Size
4,063 SF
Building Class
B
Year Built
2023
Price
$8,569,720
Price Per SF
$2,109
Cap Rate
5%
NOI
$428,486
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.99 AC
Zoning
Commercial
Frontage
450 FT on Sussex Hwy
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- 7-Eleven
- -
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
7-Eleven | - | - | - | - |
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RARE 18-YR INITIAL TERM 7-Eleven | 20494 Sussex Hwy
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