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7-11 -- 492 Oliver St North Tonawanda, NY 492 Oliver St

2,746 SF Retail Building North Tonawanda, NY 14120 £924,856 (£337/SF) 5.50% Net Initial Yield

Investment Highlights

  • 7 Eleven recently executed an extension which shows their commitment to the property
  • No Landlord Responsibilities
  • 7-11 Recently Renovated and Remodeled the Building
  • 7 Eleven has been operating at this location for over 10 years
  • Building Can Be Depreciated

Executive Summary

Silber Investment Properties is proud to exclusively represent this 7-Eleven property located in North Tonawanda, NY. 7-11 has operated out of this location for over 10 years. They recently extended their lease and expire in over 7 years. The location has strong demographics with over 160,000 people in a 5 mile radius. Please call me to discuss at 516 732 7079.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,746 SF
Building Class
C
Year Built
1990
Price
£924,856
Price Per SF
£337
Net Initial Yield
5.50%
NOI
£50,859
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C-2 - a commercial zoning district that allows for a wider range of uses than C1 zoning districts.
Parking
26 Spaces (4.73 Spaces per 1,000 SF Leased)
Frontage
84 ft on Oliver Street

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

CrossFit
KeyBank
Village Inn
Tim Hortons
WW (Weight Watchers)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
291200-182-069-0001-021-000
Land Assessment
£10,407
Improvements Assessment
£183,641
Total Assessment
£194,048
  • Listing ID: 33561649

  • Date on Market: 18/10/2024

  • Last Updated:

  • Address: 492 Oliver St, North Tonawanda, NY 14120

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