7-Eleven Convenience Store (7-11)
2,224 SF | 100% Leased | Retail Building | Biglerville, PA 17307 | $1,350,000 ($607/SF) | 5.19% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,350,000
- Property Type
-
Retail
- Square Feet
- 2,224 SF
- Price / Square Foot
- $607
Listing Contacts
Mason Canter
Verified Profile
- Property Info
Property Overview
Passive, Absolute Triple Net Lease (NNN) backed by 7-Eleven Inc., the nation's largest convenience store operator (AA- credit rating from Standard and Poor). Zero landlord responsibilities. Current lease term expires June 28, 2028 with 1 x 5 year option (10% rent increase in Option Term). The subject property is a single tenant 7-Eleven convenience store located in Biglerville, Pennsylvania. The Property consists of a freestanding ± 2,224 sf one-story, masonry block building on ± 1/3 acre of land at the signalized intersection of Main Street and Hanover Street. 7-Eleven has successfully occupied this property for over 40 years. Biglerville is located in Adams County approximately 7 miles north of the historical city of Gettysburg. Adams County is home to 102,000 residents and also several wineries, fruit markets and nurseries. Adams county is the largest producer of apples and peaches in the state. Biglerville is in the heart of Apple Country, and host to the National Apple Museum a few blocks blocks from 7-Eleven.
Property Details
- Year Built
- 1981
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 13,939 SF
Highlights
- Corporate Lease (Backed by 7-Eleven Inc.)
- AA- Credit Rating
- Passive, Absolute Net Lease
- Current Lease Expires June 30, 2028.
- 1 x 5 Year Lease Option with 10% Rent Increase
- High Visibility in Town Area for Local and Tourist Patronage
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