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7-Eleven 16625 Royalton Rd 2,700 SF Retail Building Strongsville, OH 44136 $7,031,652 CAD ($2,604.32 CAD/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long Term Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases | The lease features ten percent increases every five (5) years, including in each of the three, five-year option periods
  • Corporate Guarantee | This lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations

EXECUTIVE SUMMARY

Surmount is pleased to present the exclusive listing for a 7-Eleven located at 16625 Royalton Road, Strongsville, OH 44136. The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.61-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 8/1/2025. The current annual rent is $266,853 and has scheduled increases of 10.00% every 5 years.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,700 SF
Building Class
C
Year Built/Renovated
1984/2003
Price
$7,031,652 CAD
Price Per SF
$2,604.32 CAD
Cap Rate
5.25%
NOI
$369,162 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.61 AC
Zoning
MS
Frontage
52’ on Howe Rd

AMENITIES

  • Signage
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Planet Fitness
Starbucks
Sarku Japan
Buca Di Beppo
LongHorn Steakhouse
Teriyaki Madness
City Barbeque
Applebee's
KeyBank
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
396-24-003
Land Assessment
$254,732 CAD
Improvements Assessment
$348,142 CAD
Total Assessment
$602,874 CAD
  • Listing ID: 38534546

  • Date on Market: 2025-11-21

  • Last Updated:

  • Address: 16625 Royalton Rd, Strongsville, OH 44136

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