7-Eleven for Sale in Sumner, WA
Sumner, WA
Key Investment Metrics
Price
$5,225,000
Cap Rate
5.2%
Net Operating Income
$268,978
Building Size
3010 SF
Land Area
0.85 Acres
Remaining Term
9.3 years
Lease Expiration
10/30/2035
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2020
Tenancy
Single
Rent Increases
10% every 5 Years
Property overview
7-Eleven in Sumner
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,010 SF
- Land area
- 0.85 acres
- Year built
- 2020
- Lease type
- NNN
- Lease expiration
- 10/30/2035
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.