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RARE 18-YR INITIAL TERM 7-Eleven 20494 Sussex Hwy 4,063 SF Retail Building Bridgeville, DE 19933 $11,868,291 CAD ($2,921.07 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 18-YR INITIAL TERM Absolute NNN 7-Eleven

EXECUTIVE SUMMARY

- RARE 18-yr INITIAL TERM Absolute NNN Lease
- BONUS DEPRECIATION ELIGIBLE
- Zero Landlord Responsibilities
- 4-Five Year Options
- 10% Rental Increases Every 5 Years
- Brand New Construction with Accelerated
- Depreciation Benefits
- Corporate Guaranteed by 7-Eleven, Inc.
(Investment Grade Rating A)
- Rent commenced June 1, 2023
- Site includes gas – 8 regular, 4 diesel
- 27,238 Average Daily Traffic

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Building Size
4,063 SF
Building Class
B
Year Built
2023
Price
$11,868,291 CAD
Price Per SF
$2,921.07 CAD
Cap Rate
5%
NOI
$593,415 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.99 AC
Zoning
Commercial
Frontage
450’ on Sussex Hwy

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • 7-Eleven
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
7-Eleven - - - -
  • Listing ID: 26461031

  • Date on Market: 2022-08-22

  • Last Updated:

  • Address: 20494 Sussex Hwy, Bridgeville, DE 19933

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