2481 Som Center Rd - Service Station FOR SALE


Willoughby, OH 44094
$2,164,129 USD
332-345-4206
2481 Som Center Rd, Willoughby, OH for Sale
$2,164,129 USD
Service Station - FOR SALE
1/2
null | 8.5% Cap Rate

2481 Som Center Rd
Willoughby, OH 44094


HIGHLIGHTS

  • Absolute Triple Net Lease There are over three (3) years remaining on an absolute triple-net lease, with no landlord responsibilities.
  • Corporate Guarantee
  • Strong Demographics
  • Busy Traffic Counts

OVERVIEW

Surmount is pleased to present the exclusive listing for a 7-Eleven located at 2481 Som Center Rd, Willoughby Hills, OH 44094. The site consists of roughly 4,136 rentable square feet of building space on an estimated 0.97-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 5/1/2009. The current annual rent is $183,951 and has scheduled increases of none.

FOR SALE DETAILS

PRICE

$2,164,129 USD

PRICE/SF

$802 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7- Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

R

APN/PARCEL ID

31-A-012-B-00-001,31-A-012-B-00-002

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.