RECENT SALES

7-Eleven – $900,000

//7-Eleven – $900,000
7-Eleven – $900,000 2017-10-28T02:27:39+00:00

Project Description

134 N Center Ave

Gaylord, MI 49735

2,640 SF Retail For Sale

7– Eleven (Corporate Guarantee)


Price: $900,000
Building Size: 2,640 SF
Price/SF: $340.91
Property Type: Retail
Property Sub-type: Free Standing Bldg
Property Use: Net Lease Investment (corporate guarantee)
Commission Split:  Call Agent
Cap Rate:  5.85%
Tenancy:  Single
Year Built:  1979 /2006 (remodeled)
Lot Size:  0.42 AC

Description:

The subject property affords investors the rare opportunity to acquire a corporately-backed 7-Eleven convenience store located in Gaylord, Michigan. Built originally in 1979 and remodeled in 2006, the 2,640 square foot building has successfully operated as a 7-Eleven for thirty-eight years. This store is the only 7-Eleven in Gaylord, Michigan. Some retailer’s located in the near vicinity include Lowe’s, Walmart, Home Depot, Advance Auto Parts and Rite Aid. There are also quick service establishment such as Burger King, McDonalds, KFC, Wendy’s, Starbuck’s and Subway within a walking distance. Motor Speedway is located approximately one and on-half miles east of the subject property.

Attachments:

Marketing Brochure

Highlights:

  • 7-Eleven Corporate Guarantee!
  • 20 Minutes to Otsego County Airport
  • Recent Remodel
  • Rent Increases in Option Periods!
  • 7-Eleven Store Only (No Gas Pumps)
  • Accessible via I-75, M-32 & US 27
  • Popular Winter/Summer Resort Area
  • NNN Lease