7-Eleven for Sale in Worcester, MA
Worcester, MA
Key Investment Metrics
Price
$2,020,000
Cap Rate
5.4%
Net Operating Income
$109,080
Building Size
2515 SF
Remaining Term
5.4 years
Lease Expiration
11/30/2031
Lease Term
25 years
Lease Commencement
12/01/2006
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1965
Occupancy
100%
Tenancy
Single
Rent Increases
10% in options
Property overview
7-Eleven in Worcester
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,515 SF
- Year built
- 1965
- Lease type
- Absolute NNN
- Lease expiration
- 11/30/2031
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.