409 Park Ave - Convenience Store FOR SALE


Worcester, MA 01610- University Park | 
$1,897,043 USD
818-416-2800
409 Park Ave, Worcester, MA for Sale
$1,897,043 USD
Convenience Store - FOR SALE
1/3
null | 5.75% Cap Rate

409 Park Ave
Worcester, MA 01610
University Park


HIGHLIGHTS

  • The lease is guaranteed directly by 7-Eleven, Inc. (S&P: A-), the world's largest convenience store chain with 13,000+ locations
  • The tenant pays real estate taxes directly to the taxing authority, plus insurance, CAM, and all maintenance, repairs, and replacements
  • Infill Location: Sits on a dense retail stretch of the Park Ave corridor with strong visibility and easy access, and 157,000 residents within 3 miles.
  • New England's 2nd-largest city, where UMass Memorial Health alone employs 20,000+. Hospitals, colleges, and universities
  • Rent increases to $109,080 on 12/1/2026, then $119,988 and $131,987 through 2041.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 2,515 SF 7-Eleven located at 409 Park Avenue in Worcester, MA.? The property is leased directly to 7-Eleven, Inc.? (S&P: A-), the world's largest convenience store chain with 13,000+ U.?S.? locations, on a Triple Net (NNN) Lease with a corporate guarantee.? The lease runs through November 30, 2031, with 2 successive 5-year options extending to 2041, and rent steps up 10% at each term.? Positioned on the Park Avenue commercial corridor in New England's 2nd-largest city, the store sits in a dense infill trade area with over 150,000 residents within 3 miles, anchored by Worcester's health care and education economy.? In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-LC BoR: Eric Vultaggio - Lic. MA #9504073-RE-B

FOR SALE DETAILS

PRICE

$1,897,043 USD

PRICE/SF

$754 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Worcester, MA

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

Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
818-416-2800

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Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
818-416-2800

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