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18-YEAR INITIAL TERM 7-Eleven 22606 Three Notch Rd 5,000 SF Retail Building Lexington Park, MD 20653 $7,424,380 ($1,484.88/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 18-YR INITIAL TERM Absolute NNN 7-Eleven
EXECUTIVE SUMMARY
- RARE 18-yr Absolute NNN Lease
- BONUS DEPRECIATION ELIGIBLE
- DOUBLE RESTAURANT CONCEPT - Laredo Taco and Roost Chicken
- 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 2/11/2023
- Site includes gas – 8 pumps
- 34,800 Average Daily Traffic
- BONUS DEPRECIATION ELIGIBLE
- DOUBLE RESTAURANT CONCEPT - Laredo Taco and Roost Chicken
- 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 2/11/2023
- Site includes gas – 8 pumps
- 34,800 Average Daily Traffic
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Building Class
B
Year Built
2023
Price
$7,424,380
Price Per SF
$1,484.88
Cap Rate
5.25%
NOI
$389,780
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.25 AC
Zoning
CMX
Frontage
220’ on Three Notch Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 7-Eleven
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 7-Eleven | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-000603 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,518,567 |
PROPERTY TAXES
Parcel Number
08-000603
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,518,567
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18-YEAR INITIAL TERM 7-Eleven | 22606 Three Notch Rd
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