7-Eleven - Net Lease Property for Sale
Waite Park, MN
Key Investment Metrics
Price
$2,450,000
Cap Rate
6.3%
Net Operating Income
$154,680
Building Size
5743 SF
Lot Size
5,743 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%
About This 7-Eleven Net Lease Property
This 7-Eleven NNN (triple net lease) property is located in Waite Park, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 5743 square feet of building space and was built in 1994.
With a cap rate of 6.3%, this 7-Eleven net lease property offers stable income potential. The asking price is $2,450,000, 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.
Waite Park, MN Market Overview
Located in Waite Park, MN, this 7-Eleven property benefits from strong local demographics and market fundamentals. The Waite Park area offers excellent visibility and accessibility, making it an ideal location for 7-Eleven operations and a solid investment for net lease property buyers.