2216 University Ave - Service Station FOR SALE


Madison, WI 53726- Regent
$3,642,000 USD
949-506-5027
2216 University Ave, Madison, WI for Sale
$3,642,000 USD
Service Station - FOR SALE
1/10
null | 4.75% Cap Rate

2216 University Ave
Madison, WI 53726
Regent


HIGHLIGHTS

  • University of Wisconsin-Madison | UW Health University Hospital |Memorial Veterans Hospital | Madison Yards Development
  • Early Lease Extension with 10% Rent Increase | Corporate Guaranty | Over 11.5 Years Remaining | 8-Pump Gas Station
  • University Avenue (24,030 VPD) | U.S. Highway 14 (129,000 VPD) |Strong Brand Presence | Covid & E-commerce Resistant Tenant
  • Hilldale Mall (465,000 SF) | West Towne Mall (1,015,000 SF) |West Towne Crossing (401,000 SF) | Primary Retail Corridor
  • NNN Leased | Fee Simple Ownership | Hands Off Ownership

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 7-Eleven investment property located in Madison, Wisconsin. The tenant, 7-Eleven, Inc (S&P: A) has 11.5 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rent increases in July of 2031 and in each option period, steadily growing NOI and hedging against inflation. The lease is NNN, making it ideal for a passive investor.. With 85,000 stores globally and $88 billion in annual sales, 7-Eleven has more outlets than any other retailer or food service provider in the world and consistently ranks as one of the top U.S. Franchisees.

FOR SALE DETAILS

PRICE

$3,642,000 USD

PRICE/SF

$954 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 11.5 Yr NNN | University Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

TSS

APN/PARCEL ID

0709-222-0501-2

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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