7-Eleven for Sale in Bolivar, WV
Bolivar, WV
Key Investment Metrics
Price
$2,308,000
Cap Rate
6.5%
Net Operating Income
$150,000
Building Size
2250 SF
Land Area
0.66 Acres
Remaining Term
10 years
Lease Expiration
12/31/2035
Lease Term
20 years
Lease Commencement
07/25/1980
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1980
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years
Property overview
7-Eleven in Bolivar
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,250 SF
- Land area
- 0.66 acres
- Year built
- 1980
- Lease type
- NNN
- Lease expiration
- 12/31/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.