Log In/Sign Up
Your email has been sent.
409 Park Ave
Worcester, MA 01610
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) lease, meaning zero landlord responsibilities
- Corporate Guarantee | 7-Eleven provides a corporate guarantee, backed by an A credit rating, ensuring financial stability and security for the tenant
- Signalized Corner | Positioned at a signalized corner, providing high visibility and easy access, which increases traffic to the site
- Structured Hedge Against Inflation | Lease includes 10% rent increases every 5 years, providing a built-in hedge against inflation
- Proven Location | 7-Eleven has operated in this location for over 20 years, demonstrating the strength of the site and its continued success over time
- Committed to Location | 7-Eleven recently executed a lease extension, demonstrating their long-term commitment and confidence in the site
EXECUTIVE SUMMARY
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased 7-Eleven located in Worcester, Massachusetts. This exceptional investment is secured by an absolute triple net (NNN) lease with over 6 years of remaining term, along with 10% rent increases every 5 years.
7-Eleven is the world’s largest convenience store operator and one of the most recognized brands globally, operating over 85,000 locations worldwide. Backed by an investment-grade credit rating of an A- from Standard & Poor’s, the lease offers secure, long-term cash flow from a best-in-class operator.
Strategically located along Park Avenue, the main local thoroughfare, and less than 2 miles from highway I-290, the property benefits from superior visibility, signage, and access, with traffic counts exceeding 35,000 vehicles per day. The surrounding area has 12.5 million square feet of retail space and contains dense residential neighborhoods with excellent walkability and centrality to Clark University, St. Vincent Hospital, several parks and arboretums, and quality national retail tenants, including Wendy’s & McDonald’s.
With its strong real estate fundamentals, robust lease structure, investment-grade tenancy, and premier location, this offering represents a truly passive, low-risk opportunity in a key Massachusetts retail submarket.
7-Eleven is the world’s largest convenience store operator and one of the most recognized brands globally, operating over 85,000 locations worldwide. Backed by an investment-grade credit rating of an A- from Standard & Poor’s, the lease offers secure, long-term cash flow from a best-in-class operator.
Strategically located along Park Avenue, the main local thoroughfare, and less than 2 miles from highway I-290, the property benefits from superior visibility, signage, and access, with traffic counts exceeding 35,000 vehicles per day. The surrounding area has 12.5 million square feet of retail space and contains dense residential neighborhoods with excellent walkability and centrality to Clark University, St. Vincent Hospital, several parks and arboretums, and quality national retail tenants, including Wendy’s & McDonald’s.
With its strong real estate fundamentals, robust lease structure, investment-grade tenancy, and premier location, this offering represents a truly passive, low-risk opportunity in a key Massachusetts retail submarket.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,515 SF
Building Class
C
Year Built
1965
Price
$2,862,529 CAD
Price Per SF
$1,138.18 CAD
Cap Rate
5.25%
NOI
$150,283 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
BG 4.8, Worcester
Parking
11 Spaces (4.37 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | WORC-000006-000022-000009-000010 | Improvements Assessment | $452,039 CAD |
| Land Assessment | $552,969 CAD | Total Assessment | $1,005,009 CAD |
PROPERTY TAXES
Parcel Number
WORC-000006-000022-000009-000010
Land Assessment
$552,969 CAD
Improvements Assessment
$452,039 CAD
Total Assessment
$1,005,009 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
