JUST LISTED: 7 Eleven (S&P “AA-“) | Zero Management Ground Lease Structure | I-94 Freeway Exit | 6.75% CAP Rate

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

35931 26 Mile Road
New Haven, MI 48048

  • Price: $1,774,577
  • Cap. Rate: 6.75%
  • NOI: $119,784
  • Building Size: 3,050SF
  • Lot Size: 1.25 AC

Investment Highlights

  • Ground Lease | Zero Landlord Responsibilities
  • 10% Increases Every 5 Years | (2), Five Year Options with Increases
  • Corporate Guarantee by 7-Eleven, Inc | S&P Credit Rating “AA-”
  • 4 Years Remaining on Initial 20 Year Lease Term
  • Site Contains 6 Pumps and 12 Fueling Stations
  • Hard Corner Signalized Intersection of I-94 and 26 Mile Road
  • Daily Traffic Counts Boast 24,000 Vehicles
  • Population Within a 5 Mile Radius Exceeds 52,201
  • Average Household Income Within a 1 Mile Radius Exceeds $81,403
  • Neighboring Tenants Include: Meijer, Tim Hortons, Subway, Taco Bell, Sprint, Great Clips, State Farm Insurance, Fifth-Third Bank and More