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7-Eleven 1614 Merriman Rd 2,477 SF Retail Building Akron, OH 44313 $5,255,403 ($2,121.68/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple Net (NNN) Lease
- Attractive Rental Increases
- Corporate Guarantee
- Merriman Valley
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 1614 Merriman Road, Akron, OH 44313. The site consists of roughly 2,477 rentable square feet of building space on an estimated 0.64-acre parcel of land. This 7-Eleven is subject to a 11-year Triple Net (NNN) lease, which commenced 8/1/2025. The current annual rent is $296,930 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,477 SF
Building Class
B
Year Built
1997
Price
$5,255,403
Price Per SF
$2,121.68
Cap Rate
5.65%
NOI
$296,930
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.64 AC
Zoning
Commercial
PROPERTY TAXES
| Parcel Number | 68-33079 | Improvements Assessment | $489,549 |
| Land Assessment | $36,362 | Total Assessment | $525,911 |
PROPERTY TAXES
Parcel Number
68-33079
Land Assessment
$36,362
Improvements Assessment
$489,549
Total Assessment
$525,911
CONTACTS
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Patrick Finn -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 1614 Merriman Rd
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