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7-Eleven 97 Union St 2,432 SF Retail Building Easthampton, MA 01027 $2,480,024 CAD ($1,019.75 CAD/SF) 5.25% Cap Rate
Investment Highlights
- New 10 Yr Lease Extension | 40+ Years of Operating History Showing Strong Commitment To Site
- Established National Tenant
- Scheduled Rent Growth
- Corner Lot Convenience Retail Site
Executive Summary
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 97 Union Street, Easthampton, MA 01027. The site consists of roughly 2,432 rentable square feet of building space on an estimated .54-acre parcel of land. 7-Eleven is subject to a new 10-year Triple Net (NNN) lease extension, which commenced 9/10/1982. The current annual rent is $95,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,432 SF
Building Class
C
Year Built
1970
Price
$2,480,024 CAD
Price Per SF
$1,019.75 CAD
Cap Rate
5.25%
NOI
$130,201 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
DB - Downtown Business
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | EHAM-000053-000018 | Improvements Assessment | $0 CAD |
| Land Assessment | $160,330 CAD | Total Assessment | $160,330 CAD |
Property Taxes
Parcel Number
EHAM-000053-000018
Land Assessment
$160,330 CAD
Improvements Assessment
$0 CAD
Total Assessment
$160,330 CAD
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7-Eleven | 97 Union St
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