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RARE 18-YR INITIAL TERM 7-Eleven 20494 Sussex Hwy 4,063 SF Retail Building Bridgeville, DE 19933 $8,569,720 ($2,109.21/SF) 5% Cap Rate
Investment Highlights
- 18-YR INITIAL TERM Absolute NNN 7-Eleven
Executive Summary
- RARE 18-yr INITIAL TERM Absolute NNN Lease
- BONUS DEPRECIATION ELIGIBLE
- Zero Landlord Responsibilities
- 4-Five Year Options
- 10% Rental Increases Every 5 Years
- Brand New Construction with Accelerated
- Depreciation Benefits
- Corporate Guaranteed by 7-Eleven, Inc.
(Investment Grade Rating A)
- Rent commenced June 1, 2023
- Site includes gas – 8 regular, 4 diesel
- 27,238 Average Daily Traffic
- BONUS DEPRECIATION ELIGIBLE
- Zero Landlord Responsibilities
- 4-Five Year Options
- 10% Rental Increases Every 5 Years
- Brand New Construction with Accelerated
- Depreciation Benefits
- Corporate Guaranteed by 7-Eleven, Inc.
(Investment Grade Rating A)
- Rent commenced June 1, 2023
- Site includes gas – 8 regular, 4 diesel
- 27,238 Average Daily Traffic
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Building Size
4,063 SF
Building Class
B
Year Built
2023
Price
$8,569,720
Price Per SF
$2,109.21
Cap Rate
5%
NOI
$428,486
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.99 AC
Zoning
Commercial
Frontage
450’ on Sussex Hwy
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 7-Eleven
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 7-Eleven | - | - | - | - |
Property Taxes
| Parcel Number | 131-19.00-7.00 | Improvements Assessment | $9,700 |
| Land Assessment | $1,500 | Total Assessment | $11,200 |
Property Taxes
Parcel Number
131-19.00-7.00
Land Assessment
$1,500
Improvements Assessment
$9,700
Total Assessment
$11,200
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RARE 18-YR INITIAL TERM 7-Eleven | 20494 Sussex Hwy
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