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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


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
PROPERTY TAXES
| Parcel Number | 396-24-003 | Improvements Assessment | $348,142 CAD |
| Land Assessment | $254,732 CAD | Total Assessment | $602,874 CAD |
PROPERTY TAXES
Parcel Number
396-24-003
Land Assessment
$254,732 CAD
Improvements Assessment
$348,142 CAD
Total Assessment
$602,874 CAD
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7-Eleven | 16625 Royalton Rd
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