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7-Eleven (New 15-Year NNN Lease) - 639 U.S. 9, Freehold, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $4,900,000

  • 3,010

  • 5.10%

  • NOI :

  • Acres :

  • $250,000

  • 1.40

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

  • New 15-Year Absolute NNN Lease with Investment Grade Credit – Zero Landlord Responsibilities
  • Build to Suit Construction with a 3,010 SF convenience store and 12 fuel pumps
  • 10% Rent Increases Every 5 Years during initial term and option periods
  • 7-Eleven, Inc. is rated “A” by Standard & Poor’s
  • 7-Eleven is the largest convenience store in the world with over 78,000 locations globally
  • Strategic location with tremendous visibility at the signalized intersection of Route 9 and Strickland Road with over 47,000 vehicles/day
  • Multiple means of ingress/egress on Route 9 as well as Wyckoff Mills Road
  • Approximately 2.8 miles to Route 33 and 3.2 miles to I-195
  • Excellent demographics with a 1-mile average household income over $153K annually