16625 Royalton Rd - Convenience Store FOR SALE


Strongsville, OH 44136
$5,082,914 USD
332-345-4206
16625 Royalton Rd, Strongsville, OH for Sale
$5,082,914 USD
Convenience Store - FOR SALE
1/2
null | 5.25% Cap Rate

16625 Royalton Rd
Strongsville, OH 44136


HIGHLIGHTS

  • Long Term Absolute Triple Net (NNN) Lease
  • Corporate Guarantee | This lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations
  • Attractive Rental Increases | The lease features ten percent increases every five (5) years, including in each of the three, five-year option periods

OVERVIEW

Surmount is pleased to present the exclusive listing for a 7-Eleven located at 16625 Royalton Road, Strongsville, OH 44136. The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.61-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 8/1/2025. The current annual rent is $266,853 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$5,082,914 USD

PRICE/SF

$1,912 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

MS

APN/PARCEL ID

396-24-003

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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Russell WachtlerSurmountMore Info
332-345-4206

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