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7- Eleven 2481 Som Center Rd 4,136 SF Retail Building Willoughby, OH 44094 $2,164,129 ($523.24/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease There are over three (3) years remaining on an absolute triple-net lease, with no landlord responsibilities.
- Strong Demographics
- Corporate Guarantee
- Busy Traffic Counts
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 2481 Som Center Rd, Willoughby Hills, OH 44094. The site consists of roughly 4,136 rentable square feet of building space on an estimated 0.97-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 5/1/2009. The current annual rent is $183,951 and has scheduled increases of none.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,136 SF
Building Class
C
Year Built
2002
Price
$2,164,129
Price Per SF
$523.24
Cap Rate
8.50%
NOI
$183,951
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.97 AC
Zoning
R
Frontage
62’ on Som Center Rd
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $218,840 | |
| Land Assessment | $39,200 | Total Assessment | $258,040 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$39,200
Improvements Assessment
$218,840
Total Assessment
$258,040
CONTACTS
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Patrick Finn -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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7- Eleven | 2481 Som Center Rd
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