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7-Eleven 17664 Chillicothe Rd 1,872 SF Retail Building Chagrin Falls, OH 44023 $7,199,094 CAD ($3,845.67 CAD/SF) 5.70% 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 17664 Chillicothe Road, Chargin Falls, OH 44023. The site consists of roughly 1,900 rentable square feet of building space on an estimated 0.84-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 $291,648 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,872 SF
Building Class
B
Year Built
1994
Price
$7,199,094 CAD
Price Per SF
$3,845.67 CAD
Cap Rate
5.70%
NOI
$410,349 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.84 AC
Zoning
CB
Parking
18 Spaces (9.62 Spaces per 1,000 SF Leased)
Frontage
68’ on Chillicothe Rd
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-342880 | Improvements Assessment | $187,690 CAD |
| Land Assessment | $179,545 CAD | Total Assessment | $367,236 CAD |
Property Taxes
Parcel Number
02-342880
Land Assessment
$179,545 CAD
Improvements Assessment
$187,690 CAD
Total Assessment
$367,236 CAD
Contacts
-
Russell Wachtler -
Edward DeMatteis -
James Westerberg -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 17664 Chillicothe Rd
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