7-Eleven - Net Lease Property for Sale
Lock Haven, PA
Key Investment Metrics
Price
$2,623,280
Cap Rate
5.0%
Net Operating Income
$131,164
Building Size
1748 SF
Lot Size
1,748 SF
Land Area
14 Acres
Remaining Term
9.6 years
Lease Expiration
07/31/2035
Lease Term
17 years
Lease Commencement
07/17/2018
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1970
Occupancy
100%
Tenancy
Single
Rent Increases
1.00% Annually
About This 7-Eleven Net Lease Property
This 7-Eleven NNN (triple net lease) property is located in Lock Haven, PA and represents an excellent investment opportunity for commercial real estate investors. The property features 1748 square feet of building space and was built in 1970.
With a cap rate of 5.0%, this 7-Eleven net lease property offers stable income potential. The asking price is $2,623,280, making it an attractive option for 1031 exchange investors seeking quality 7-Eleven commercial properties.
Why Invest in 7-Eleven NNN Properties?
- Stable Income: 7-Eleven net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: 7-Eleven is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lock Haven, PA Market Overview
Located in Lock Haven, PA, this 7-Eleven property benefits from strong local demographics and market fundamentals. The Lock Haven area offers excellent visibility and accessibility, making it an ideal location for 7-Eleven operations and a solid investment for net lease property buyers.