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441 Alden Ave 2,620 SF Retail Building Morrisville, PA 19067 $2,581,942 CAD ($985.47 CAD/SF) 5.50% Cap Rate
Investment Highlights
- 7-Eleven rated 'A-' by S&P with investment-grade credit and strong financial stability.
- 10-year lease extension showing strong commitment to this location.
- Hard signalized corner at Trenton & Alden with over 13,000 vehicles per day.
- NNN lease offering a secure and passive investment with 10% increases every 5 years.
- Proven location operating successfully at this site for 65+ years.
- Fee simple ownership — opportunity to own both the land and improvements.
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RM423998, RB068831 (PA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RM423998, RB068831 (PA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,620 SF
Building Class
C
Year Built
1960
Price
$2,581,942 CAD
Price Per SF
$985.47 CAD
Cap Rate
5.50%
NOI
$142,021 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.38 AC
Zoning
13NC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
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 | $37,834 CAD |
| Land Assessment | $22,383 CAD | Total Assessment | $60,217 CAD |
Property Taxes
Parcel Number
13-033-007-004
Land Assessment
$22,383 CAD
Improvements Assessment
$37,834 CAD
Total Assessment
$60,217 CAD
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441 Alden Ave
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