7-Eleven - Net Lease Property for Sale
Seattle, WA
Key Investment Metrics
Price
$4,936,800
Cap Rate
5.0%
Net Operating Income
$246,840
Building Size
2428 SF
Lot Size
2,428 SF
Land Area
0.47 Acres
Remaining Term
10.1 years
Lease Expiration
01/31/2036
Lease Term
15.1 years
Lease Commencement
01/04/2021
Lease Type
Absolute NNN
Year Built
1982
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increase in 2031; 7.5% Increase in Options 1-3; FMRV in Options 4 & 5
About This 7-Eleven Net Lease Property
This 7-Eleven NNN (triple net lease) property is located in Seattle, WA and represents an excellent investment opportunity for commercial real estate investors. The property features 2428 square feet of building space and was built in 1982.
With a cap rate of 5.0%, this 7-Eleven net lease property offers stable income potential. The asking price is $4,936,800, 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.
Seattle, WA Market Overview
Located in Seattle, WA, this 7-Eleven property benefits from strong local demographics and market fundamentals. The Seattle area offers excellent visibility and accessibility, making it an ideal location for 7-Eleven operations and a solid investment for net lease property buyers.