7-Eleven for Sale in Morrisville, PA
Morrisville, PA
Key Investment Metrics
Price
$1,818,000
Cap Rate
5.5%
Net Operating Income
$100,000
Building Size
2620 SF
Land Area
0.38 Acres
Remaining Term
9.4 years
Lease Expiration
11/30/2035
Lease Term
20 years
Lease Commencement
11/30/2015
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1960
Occupancy
100%
Tenancy
Single
Property overview
7-Eleven in Morrisville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,620 SF
- Land area
- 0.38 acres
- Year built
- 1960
- Lease type
- NNN
- Lease expiration
- 11/30/2035
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.