1490 S Sheldon Rd - Convenience Store FOR SALE


Plymouth, MI 48170
$5,601,490 USD
781-776-4003
1490 S Sheldon Rd, Plymouth, MI for Sale
$5,601,490 USD
Convenience Store - FOR SALE
1/7
null | 5.25% Cap Rate

1490 S Sheldon Rd
Plymouth, MI 48170


HIGHLIGHTS

  • Long Term Occupancy
  • Zero Management Responsibilities
  • Scheduled Rent Increase
  • Investment Grade Credit
  • Potential Bonus Depreciation
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple interest in a freestanding 7-Eleven (Speedway) located at 1490 S Sheldon Road in Plymouth, Michigan (the “Property”). 7-Eleven has been at the Property since it was constructed in 2007 and executed a new 15-Year Absolute NNN Lease in 2025, demonstrating their commitment to the site and market. The lease provides five (5) 5-year renewal options and calls for attractive 10% rent increases in year 11 and at the start of each renewal option. 7-Eleven is positioned at the signalized intersection of Sheldon Road and Ann Arbor Road within the established Plymouth market. The Property is shadow anchored by CVS and across the street from a Kroger anchored shopping center and benefits from convenient access to both residential neighborhoods and major regional transportation routes. Plymouth’s road network connects efficiently to M-14 and I-275, providing access to Ann Arbor, Detroit, Livonia, Canton, Northville and the broader Metro Detroit region. The immediate trade area is supported by a substantial concentration of households, schools, employment and daily activity. The property is located within the Plymouth-Canton Community Schools district, with several schools (including Canton, Salem and Plymouth High Schools) within 1.3 miles. The surrounding area also contains significant employment concentrations, particularly along Ann Arbor Road, Haggerty Road and the M-14 corridor, creating an additional daytime and commuter customer base. The store operates 24 hours and offers fuel, hot foods, ATM, lottery, delivery and other convenience services, allowing it to capture both routine neighborhood demand and passing commuter traffic throughout the day.

FOR SALE DETAILS

PRICE

$5,601,490 USD

PRICE/SF

$2,374 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven (Speedway)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

ARC

APN/PARCEL ID

78-057-99-0001-003

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.