27010 Dequindre Rd - Convenience Store FOR SALE


Warren, MI 48092- Northwest Warren
$2,129,530 USD
925-390-8518
27010 Dequindre Rd, Warren, MI for Sale
$2,129,530 USD
Convenience Store - FOR SALE
1/3
null | 5.75% Cap Rate

27010 Dequindre Rd
Warren, MI 48092
Northwest Warren


HIGHLIGHTS

  • Absolute Triple Net Ground Lease with No Landlord Responsibilities
  • 26+ Years of Proven Performance with New 12-Year Extension
  • Surrounding National Tenancy Driving Retail Demand
  • National Credit Tenant | 7-Eleven
  • High-Visibility Corridor | 36,000+ VPD Driving Consistent Consumer Traffic
  • Dense Infill Detroit MSA Location

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a 7-Eleven convenience store in Warren, Michigan. The property is subject to a recently extended Absolute Triple Net Ground Lease with no landlord responsibilities. 7-Eleven occupies approximately 2,174 square feet on a 0.69-acre parcel and currently pays $122,448 in annual rent. The lease originally commenced in 1999 and now has over 12 years of remaining term, with 10% rent increases scheduled in 2033 and every five years thereafter. The property is located along Dequindre Road, a major north-south corridor with traffic counts exceeding 36,000 vehicles per day. 7-Eleven has operated at this location for more than 26 years, demonstrating a long operating history at the site. The property is located within the Detroit MSA and benefits from a dense surrounding population of more than 1.3 million residents within a 10-mile radius, along with convenient access to Detroit and major employment centers throughout the region. The surrounding retail corridor includes Kroger, CVS, Walgreens, Walmart, Dollar General, McDonald's, Taco Bell, and AutoZone. The combination of a long-term 7-Eleven tenancy, absolute NNN lease structure, scheduled rent increases, strong traffic counts, and established infill location makes this an attractive opportunity for investors seeking stable, passive income.

FOR SALE DETAILS

PRICE

$2,129,530 USD

PRICE/SF

$980 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C2, Warren

APN/PARCEL ID

12-13-18-351-002

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

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Jason DenhamThe Kase GroupMore Info
925-390-8518

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