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7-Eleven 2865 Bishop Rd 4,200 SF Retail Building Wickliffe, OH 44092 $2,793,647 ($665.15/SF) 5.65% 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 2865 Bishop Rd, Willoughby Hills, OH 44092. The site consists of roughly 4,200 rentable square feet of building space on an estimated 2.39-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 $157,841 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built
2001
Price
$2,793,647
Price Per SF
$665.15
Cap Rate
5.65%
NOI
$157,841
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.39 AC
Zoning
B
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-A-008-D-00-034 | Improvements Assessment | $162,640 |
| Land Assessment | $62,710 | Total Assessment | $225,350 |
PROPERTY TAXES
Parcel Number
31-A-008-D-00-034
Land Assessment
$62,710
Improvements Assessment
$162,640
Total Assessment
$225,350
CONTACTS
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Patrick Finn -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 2865 Bishop Rd
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