7-Eleven for Sale in Waite Park, MN
Waite Park, MN
Key Investment Metrics
Price
$2,450,000
Cap Rate
6.3%
Net Operating Income
$154,680
Building Size
5743 SF
Land Area
1.285 Acres
Remaining Term
11 years
Lease Expiration
03/26/2037
Lease Term
11 years
Lease Commencement
03/26/2026
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1994
Occupancy
Vacant
Tenancy
Single
Rent Increases
Annual CPI Increase, Minimum 1.00% & Maximum 3.00%
Property overview
7-Eleven in Waite Park
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 5,743 SF
- Land area
- 1.285 acres
- Year built
- 1994
- Lease type
- NNN
- Lease expiration
- 03/26/2037
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.