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18-YEAR INITIAL TERM 7-Eleven 22606 Three Notch Rd 5,000 SF Retail Building Lexington Park, MD 20653 $10,180,013 CAD ($2,036.00 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 18-YR INITIAL TERM Absolute NNN 7-Eleven
Executive Summary
- RARE 18-yr Absolute NNN Lease
- BONUS DEPRECIATION ELIGIBLE
- DOUBLE RESTAURANT CONCEPT - Laredo Taco and Roost Chicken
- 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 2/11/2023
- Site includes gas – 8 pumps
- 34,800 Average Daily Traffic
- BONUS DEPRECIATION ELIGIBLE
- DOUBLE RESTAURANT CONCEPT - Laredo Taco and Roost Chicken
- 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 2/11/2023
- Site includes gas – 8 pumps
- 34,800 Average Daily Traffic
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Building Class
B
Year Built
2023
Price
$10,180,013 CAD
Price Per SF
$2,036.00 CAD
Cap Rate
5.25%
NOI
$534,451 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.25 AC
Zoning
CMX
Frontage
220’ on Three Notch Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 7-Eleven
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 7-Eleven | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-000603 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,486,729 CAD |
Property Taxes
Parcel Number
08-000603
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,486,729 CAD
1 of 3
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18-YEAR INITIAL TERM 7-Eleven | 22606 Three Notch Rd
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