7 Eleven C-Store | Brand New 10 YR Renewal | 50 YRS of Occupancy | 24 Hour Store

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Request More Info

Offering Information

126 S. John Hix Rd
Westland, MI 48186

  • Price: $2,191,304
  • Cap. Rate: 5.75%
  • NOI: $126,000
  • Building Size: 2,516SF
  • Lot Size: 1.68 AC

Investment Highlights

  • 7 Eleven NNN Lease
  • 24 Hour Store - Beer and Wine Sales
  • Brand New 10 Year Lease Renewal Expires in 2027
  • Tenant has Occupied Property for 20 Years - Strong Commitment to Site
  • Corner Location with Strong Traffic Counts at Signalized Intersection of Cherry Hill Road and John Hix Road
  • 2,516 SF Building Constructed in 1997 on 1.68 +/- Acres of Land
  • In Close Proximity of Interstate 275 - 105,500+ Vehicles Per Day
  • Tenant is Rated (AA-) by Standard & Poor's
  • Perfect 1031 Exchange Replacement Property