7-Eleven - Mars, PA
274 Mars Valencia RD Mars , PA 

7-Eleven - Mars, PA - retail for sale

Download offering memorandum:

Overview



JLL is pleased to offer for sale the fee-simple interest in a single-tenant gas station leased to 7-Eleven, Inc. (the “Property” or “Asset”) in Mars, Pennsylvania. Strategically located along the primary artery connecting Interstates 76/79 and PA Highway 8, the Property benefits from over 18,000 vehicles passing daily with strong visibility along PA Highway 228. The Property’s positioning at a signalized hard corner makes it rare along PA Highway 228, as it is one of only two stoplights as the highway passes through Mars. Further evidencing the stability of the location, the gas station has been in operation since 1988 and was recently assumed by 7-Eleven, extending their lease in 2018 and demonstrating commitment to the site. 7-Eleven operates under an absolute triple net lease featuring zero landlord responsibilities, 8.5 percent increases every five years, and two, five-year options for renewal. Given the investment grade credit profile of the tenant, investors are provided significant security in the cash flows as well as the stability of the tenancy. This offering presents the unique opportunity to acquire a long-historically occupied 7-Eleven location leased by an investment grade entity in a location demonstrating strong real estate fundamentals.

Investment highlights


  • Absolute NNN lease with zero landlord responsibilities
  • Long historical occupancy since 1988 and assumed by 7-Eleven corporate in 2017
  • Recently extended lease term demonstrating commitment to the location
  • Investment grade entity on the lease
  • Proximate to Cranberry Township and surrounded by an affluent demographic base (AHHI of $151,000 within 3 miles)
  • Signalized intersection at crux of two primary thoroughfares in the area
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 274 Mars Valencia RD, Mars, PA
Land in acres 1.08
Building size 3,000  ft2
Year built 1988
Financial
Price $1,290,000
Cap rate 6.25%
Current NOI $80,640.00
Lease

7-Eleven - Mars, PA - retail for sale

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