1816 S Memorial Dr - Convenience Store FOR SALE
New Castle, IN 47362 |
$3,256,000 USD
480-718-5555
1816 S Memorial Dr
New Castle, IN 47362
HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: 14+ years remaining on new 15-year Absolute NNN lease with attractive 10% rental escalation 1/1/36!
- CORP GUARANTEED LEASE: 7-Eleven, Inc., the Irving, Texas-based C-Store chain operates (DBA. Speedway), investment grade rated A- (S&P)!
- ACCELERATED/BONUS DEPRECIATION: The property may qualify for 100% Bonus Depreciation (Conveying both building and land)
- STRONG HISTORICAL OCCUPANCY/TRAFFIC COUNTS: Successfully open and operating for decades with excellent drive-by visibility/access!
- 2026 DEMOGRAPHICS: Total Population (5MI): 27,476 | Average Household Income (1MI): $83,422
- ABSOLUTE NNN LEASE - Conveying both building and land with ZERO management responsibilities! Great for passive investor!
FOR SALE DETAILS
PRICE
$3,256,000 USD
PRICE/SF
$1,400 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-ELEVEN (CORP CREDIT) | NEW CASTLE, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,433 SF
ZONING
C
APN/PARCEL ID
33-12-22-110-116.000-016
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480-718-5555
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480-718-5555
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