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7-Eleven 16625 Royalton Rd 2,659 SF 100% Leased Retail Building Strongsville, OH 44136 $5,082,914 ($1,911.59/SF) 5.25% Cap Rate
Investment Highlights
- Long Term Absolute Triple Net (NNN) Lease
- Attractive Rental Increases | The lease features ten percent increases every five (5) years, including in each of the three, five-year option periods
- Corporate Guarantee | This lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations
Executive Summary
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 16625 Royalton Road, Strongsville, OH 44136. The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.61-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 8/1/2025. The current annual rent is $266,853 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
2,659 SF
Building Class
C
Year Built
1984
Price
$5,082,914
Price Per SF
$1,911.59
Cap Rate
5.25%
NOI
$266,853
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.61 AC
Zoning
MS - Service Station
Frontage
52’ on Howe Rd
Amenities
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 396-24-003 | Improvements Assessment | $247,065 |
| Land Assessment | $180,775 | Total Assessment | $427,840 |
Property Taxes
Parcel Number
396-24-003
Land Assessment
$180,775
Improvements Assessment
$247,065
Total Assessment
$427,840
Contacts
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Patrick Finn -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 16625 Royalton Rd
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