7-Eleven - Long Island - Sold by John Thomas for $5,486,000.

 John Thomas closed on the Select Exclusive offering of the 7-Eleven, new 15 year NNN leased offering in Fort Salonga, NY. The property was nationally marketed and  sold for a 4.375% cap at a price of  $5,486,000.

Investment Highlights:

  • Newly constructed (2022) and rare Long Island 7-Eleven offering in high barrier-to-entry Suffolk County market
  • NNN lease offering 15 years of primary term and 3 five-year options
  • 10% rental increases every five years throughout primary term as well as through the option periods
  • Single tenant NNN lease with no Landlord responsibilities
  • Corporate Guarantee – 7-Eleven, Inc.
  • Standard & Poor's Investment Grade Credit Rating of A
  • Well positioned with vehicular access to two thoroughfares;

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