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7-Eleven With Gas Station 11690 Snow Rd 2,900 SF Retail Building Cleveland, OH 44130 $1,402,500 ($483.62/SF) 5% Cap Rate
Investment Highlights
- 2,899 +/- SF Freestanding Single Tenant 7-Eleven Gas Station Situated on .52 Acres
- 35+ Year Operating History | 7-Eleven Exercised their Option Extending their term through September 2030
- Adjacent to a 332 Bed Hospital Which Employs Over 2,000 Employees
- Absolute 'NNN' Net Lease | Zero Landlord Responsibilities
- Located Less Than 3 Miles From the Proposed Cleveland Browns Stadium
- Site Features 3 Fuel Pumps with 6 Total Fueling Positions
Executive Summary
2,899 +/- SF Freestanding Single Tenant 7-Eleven Gas Station Situated on .52 Acres
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,900 SF
Building Class
B
Year Built
1990
Price
$1,402,500
Price Per SF
$483.62
Cap Rate
5%
NOI
$70,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.52 AC
Zoning
Commercial
Parking
10 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 442-43-020 | Improvements Assessment | $158,060 |
| Land Assessment | $103,950 | Total Assessment | $262,010 |
Property Taxes
Parcel Number
442-43-020
Land Assessment
$103,950
Improvements Assessment
$158,060
Total Assessment
$262,010
Contacts
-
Deno Bistolarides -
Leonard Minuto -
Dante Hargis -
Ryan Vinco -
Encore Real Estate Investment Services
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7-Eleven With Gas Station | 11690 Snow Rd
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