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18-YEAR INITIAL TERM 7-Eleven 22606 Three Notch Rd

5,000 SF Retail Building Lexington Park, MD 20653 £5,971,582 (£1,194/SF) 5.15% Net Initial Yield

Investment Highlights

  • 18-YR INITIAL TERM Absolute NNN 7-Eleven

Executive Summary

- RARE 18-yr Absolute NNN Lease
- BONUS DEPRECIATION ELIGIBLE
- DOUBLE RESTAURANT CONCEPT - Laredo Taco and Roost Chicken
- Zero Landlord Responsibilities
- 4-Five Year Options
- 10% Rental Increases Every 5 Years
- Brand New Construction with Accelerated
Depreciation Benefits
- Corporate Guaranteed by 7-Eleven, Inc.
(Investment Grade Rating A)
- Rent Commenced 2/11/2023
- Site includes gas – 8 pumps
- 34,800 Average Daily Traffic

Attachments

Lexington Park_7-Eleven_OM

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Building Class
B
Year Built
2023
Price
£5,971,582
Price Per SF
£1,194
Net Initial Yield
5.15%
NOI
£307,536
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Land Acres
3.25 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • 7-Eleven
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
7-Eleven - - - -
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Nearby Major Retailers

Shoppers
World Gym
Mission BBQ
PNC Bank
United Rentals
LongHorn
Fit Body Boot Camp
Navy Federal Credit Union
Buffalo Wild Wings
Noodles & Company
(412) 225-7518

  • Listing ID: 26891393

  • Date on Market: 22/08/2022

  • Last Updated:

  • Address: 22606 Three Notch Rd, Lexington Park, MD 20653

The Retail Property at 22606 Three Notch Rd, Lexington Park, MD 20653 is currently available For Sale. Contact PennTex Ventures for more information.

Nearby Listings

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22606 Three Notch Rd, Lexington Park, MD for sale Building Photo- Image 1 of 3
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© 2024 CoStar Group

18-YEAR INITIAL TERM 7-Eleven | 22606 Three Notch Rd
(412) 225-7518 x

18-YEAR INITIAL TERM 7-Eleven | 22606 Three Notch Rd

Brendan Eisenbrandt

(412) 225-7518

(412) 225-7518

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