37 E Main St - Convenience Store FOR SALE
Elmsford, NY 10523 |
37 E Main St
Elmsford, NY 10523
HIGHLIGHTS
- Corporately guaranteed by 7-Eleven, rated AA- by Standard & Poor's
- 7-Eleven executed a new 15-yr NNN lease with 10% rental increases every 5yrs
- Elmsford is located in Westchester County, just outside of NYC and part of the highly sought-after New York City MSA
- The NNN lease offers a completely passive ownership structure making this an ideal property for a “hands off” investor or 1031 exchange buyer
- High-end brick construction, build-to-suit prototype offering zero deferred maintenance and depreciation to the landlord
- Contractual 10% rental increases every 5 years in the base term of the lease and in the option periods
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
3160
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2605-005-040-00062-000-0007
