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7-Eleven - Pittsburgh (Mars) PA 274 Mars-valencia Rd 3,000 SF Retail Building Mars, PA 16046 $2,053,071 CAD ($684.36 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 2+ Years Remaining | Scheduled Rental Increases | 7-Eleven Corporate Guaranty
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
• The tenant currently has 2+ years remaining on their initial lease with
1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features a scheduled rental increase of 8.63% in the last renewal option, which helps grow NOI and hedge against inflation
• 7-Eleven corporate guaranty. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features a scheduled rental increase of 8.63% in the last renewal option, which helps grow NOI and hedge against inflation
• 7-Eleven corporate guaranty. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1988
Price
$2,053,071 CAD
Price Per SF
$684.36 CAD
Cap Rate
5.75%
NOI
$118,037 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.08 AC
Zoning
General Commercial
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
200’ on Mars-valencia Rd
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 010-S2-A72-0000 | Improvements Assessment | $48,926 CAD |
| Land Assessment | $13,921 CAD | Total Assessment | $62,847 CAD |
Property Taxes
Parcel Number
010-S2-A72-0000
Land Assessment
$13,921 CAD
Improvements Assessment
$48,926 CAD
Total Assessment
$62,847 CAD
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7-Eleven - Pittsburgh (Mars) PA | 274 Mars-valencia Rd
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