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.