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7-Eleven 959 Steels Corners Rd 2,700 SF Retail Building Stow, OH 44224 $1,831,459 ($678.32/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease
- Strong Demographics
- Corporate Guarantee
- Busy Traffic Counts
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 959 Steels Corner Rd, Stow, OH 44224. The site consists of roughly 2,700 rentable square feet of building space on an estimated 2.39-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 $155,674 and has scheduled increases of none.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,700 SF
Building Class
B
Year Built
1994
Price
$1,831,459
Price Per SF
$678.32
Cap Rate
8.50%
NOI
$155,674
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.39 AC
Zoning
Commercial
Frontage
70’ on Allen Rd
AMENITIES
- Freeway Visibility
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $373,997 | |
| Land Assessment | $278,800 | Total Assessment | $652,797 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$278,800
Improvements Assessment
$373,997
Total Assessment
$652,797
CONTACTS
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Patrick Finn -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 959 Steels Corners Rd
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