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7-Eleven 17664 Chillicothe Rd 1,900 SF 100% Leased Retail Building Chagrin Falls, OH 44023 $5,116,627 ($2,692.96/SF) 5.70% Cap Rate
Investment Highlights
- Long Term Absolute Triple Net (NNN) Lease
- Attractive Rental Increases
- Corporate Guarantee
- Long Term Operating History
Executive Summary
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 17664 Chillicothe Road, Chargin Falls, OH 44023. The site consists of roughly 1,900 rentable square feet of building space on an estimated 0.84-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 $291,648 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,900 SF
Building Class
C
Year Built/Renovated
1994/2014
Price
$5,116,627
Price Per SF
$2,692.96
Cap Rate
5.70%
NOI
$291,648
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.84 AC
Zoning
CB - Central Shopping District
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-342880 | Improvements Assessment | $133,880 |
| Land Assessment | $128,070 | Total Assessment | $261,950 |
Property Taxes
Parcel Number
02-342880
Land Assessment
$128,070
Improvements Assessment
$133,880
Total Assessment
$261,950
Contacts
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 17664 Chillicothe Rd
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