409 Park Ave - Convenience Store FOR SALE


Worcester, MA 01610- University Park
$2,077,714 USD
646-303-9613
409 Park Ave, Worcester, MA for Sale
$2,077,714 USD
Convenience Store - FOR SALE
1/7
null | 5.25% Cap Rate

409 Park Ave
Worcester, MA 01610
University Park


HIGHLIGHTS

  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) lease, meaning zero landlord responsibilities
  • Structured Hedge Against Inflation | Lease includes 10% rent increases every 5 years, providing a built-in hedge against inflation
  • Corporate Guarantee | 7-Eleven provides a corporate guarantee, backed by an A credit rating, ensuring financial stability and security for the tenant
  • Proven Location | 7-Eleven has operated in this location for over 20 years, demonstrating the strength of the site and its continued success over time
  • Signalized Corner | Positioned at a signalized corner, providing high visibility and easy access, which increases traffic to the site
  • Committed to Location | 7-Eleven recently executed a lease extension, demonstrating their long-term commitment and confidence in the site

OVERVIEW

SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased 7-Eleven located in Worcester, Massachusetts. This exceptional investment is secured by an absolute triple net (NNN) lease with over 6 years of remaining term, along with 10% rent increases every 5 years. 7-Eleven is the world’s largest convenience store operator and one of the most recognized brands globally, operating over 85,000 locations worldwide. Backed by an investment-grade credit rating of an A- from Standard & Poor’s, the lease offers secure, long-term cash flow from a best-in-class operator. Strategically located along Park Avenue, the main local thoroughfare, and less than 2 miles from highway I-290, the property benefits from superior visibility, signage, and access, with traffic counts exceeding 35,000 vehicles per day. The surrounding area has 12.5 million square feet of retail space and contains dense residential neighborhoods with excellent walkability and centrality to Clark University, St. Vincent Hospital, several parks and arboretums, and quality national retail tenants, including Wendy’s & McDonald’s. With its strong real estate fundamentals, robust lease structure, investment-grade tenancy, and premier location, this offering represents a truly passive, low-risk opportunity in a key Massachusetts retail submarket.

FOR SALE DETAILS

PRICE

$2,077,714 USD

PRICE/SF

$826 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

BG 4.8, Worcester

APN/PARCEL ID

WORC-000006-000022-000009-000010

ASK ABOUT THIS PROPERTY

Asher WenigSAB CapitalMore Info
646-303-9613

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Asher WenigSAB CapitalMore Info
646-303-9613

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