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441 Alden Ave 2,640 SF Retail Building Morrisville, PA 19067 $2,609,297 CAD ($988.37 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Recent 10 Yr Lease Extension | 65+ Years of Operating History Showing Strong Commitment To Site
- Prominent Demographics | 1-Mile AVG HHI Exceeds: $130K+ | 5-Mile: Population Exceeds 259,000
- Triple "NNN" Net Lease | Landlord Responsible For Structure Only
- 10% Rent Increases Every Five Years | (4) Five Year Options
- 2,620 SF Single Tenant Net Lease 7-Eleven Situated on .37 Acres
- Less Than 3 Miles From Mercer County College & Thomas Edison State University | 20 Minutes Outside Philadelphia
Executive Summary
Recent 10 Yr Lease Extension | 65+ Years of Operating History Showing Strong Commitment To Site
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,640 SF
Building Class
C
Year Built
1960
Price
$2,609,297 CAD
Price Per SF
$988.37 CAD
Cap Rate
5.25%
NOI
$136,971 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.37 AC
Zoning
13NC
Frontage
126’ on Alden Ave
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-033-007-004 | Improvements Assessment | $36,697 CAD |
| Land Assessment | $21,709 CAD | Total Assessment | $58,406 CAD |
Property Taxes
Parcel Number
13-033-007-004
Land Assessment
$21,709 CAD
Improvements Assessment
$36,697 CAD
Total Assessment
$58,406 CAD
Contacts
-
Deno Bistolarides -
Leonard Minuto -
Dante Hargis -
Encore Real Estate Investment Services
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441 Alden Ave
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