Absolute NNN Ground Leased 7-Eleven | 2 Heckel Rd
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Absolute NNN Ground Leased 7-Eleven 2 Heckel Rd
2,135 SF Retail Building Mc Kees Rocks, PA 15136 £3,051,555 (£1,429/SF) 6.03% Net Initial Yield
Investment Highlights
- Absolute NNN Ground Lease
- Corporate Guarantee
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- Zero Landlord Obligations
- 20 Year Operating History
- Well Located along Pine Hollow Rd - 21,718 VPD
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a 7-
Eleven location in McKees Rocks, Pennsylvania on an absolute NNN
ground lease. The lease calls for zero landlord obligations and is
corporately guaranteed by 7-Eleven with one, 5-year renewal option. The
property is well positioned along Pine Hollow road with exposure to
21,718 vehicles per day and adjacent to KenMawr Plaza, a 152,000 SF
community center featuring tenants such as PNC Bank, Ohio Valley
Hospital, McDonald’s, Auto Zone, Wine & Spirits, Beer Distributor,
Restaurants, Hair Salon and more. The site is nearby Fairhaven Park,
one of the top softball facilities in the Pittsburgh Area and minutes from
I-79, a major transportation route from Pittsburgh to Erie and points
north.
Eleven location in McKees Rocks, Pennsylvania on an absolute NNN
ground lease. The lease calls for zero landlord obligations and is
corporately guaranteed by 7-Eleven with one, 5-year renewal option. The
property is well positioned along Pine Hollow road with exposure to
21,718 vehicles per day and adjacent to KenMawr Plaza, a 152,000 SF
community center featuring tenants such as PNC Bank, Ohio Valley
Hospital, McDonald’s, Auto Zone, Wine & Spirits, Beer Distributor,
Restaurants, Hair Salon and more. The site is nearby Fairhaven Park,
one of the top softball facilities in the Pittsburgh Area and minutes from
I-79, a major transportation route from Pittsburgh to Erie and points
north.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,135 SF
Building Class
B
Year Built
1988
Price
£3,051,555
Price Per SF
£1,429
Net Initial Yield
6.03%
NOI
£184,126
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
1.84 AC
Zoning
B
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0110-K-00375-0000-00 | Improvements Assessment | £7,277 |
| Land Assessment | £120,889 | Total Assessment | £128,165 |
PROPERTY TAXES
Parcel Number
0110-K-00375-0000-00
Land Assessment
£120,889
Improvements Assessment
£7,277
Total Assessment
£128,165
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Absolute NNN Ground Leased 7-Eleven | 2 Heckel Rd
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