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7-Eleven 441 Alden Ave 2,640 SF Retail Building Morrisville, PA 19067 $1,905,000 ($721.59/SF) 5.25% Cap Rate
Investment Highlights
- Recent 10 Yr Lease Extension | 65+ Years of Operating History Showing Strong Commitment To Site
- Prominent Demographics | 1-Mile AVG HHI Exceeds: $130K+ | 5-Mile: Population Exceeds 259,000
- Triple "NNN" Net Lease | Landlord Responsible For Structure Only
- 10% Rent Increases Every Five Years | (4) Five Year Options
- 2,620 SF Single Tenant Net Lease 7-Eleven Situated on .37 Acres
- Less Than 3 Miles From Mercer County College & Thomas Edison State University | 20 Minutes Outside Philadelphia
Executive Summary
Recent 10 Yr Lease Extension | 65+ Years of Operating History Showing Strong Commitment To Site
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,640 SF
Building Class
C
Year Built
1960
Price
$1,905,000
Price Per SF
$721.59
Cap Rate
5.25%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.37 AC
Zoning
13NC
Frontage
126’ on Alden Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-033-007-004 | Improvements Assessment | $26,640 |
| Land Assessment | $15,760 | Total Assessment | $42,400 |
Property Taxes
Parcel Number
13-033-007-004
Land Assessment
$15,760
Improvements Assessment
$26,640
Total Assessment
$42,400
Contacts
-
Deno Bistolarides -
Anthony Minuto -
Leonard Minuto -
Dante Hargis -
Encore Real Estate Investment Services
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7-Eleven | 441 Alden Ave
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