Mark Walsh closed on the Select Exclusive offering of a newly constructed 7-Eleven conveince store with 8 gas pumps. The property is located in Briarcliff Manor, NY and sold for a 5% cap at a price of $4,800,000

Thursday, January 4, 2024

Investment Highlights:

  • 7-Eleven Inc. has an investment grade rating, (S&P: A)
  • Newly constructed (2023) and rare Westchester 7- Eleven offering in high barrier-to-entry Westchester County market
  • NNN lease offering 15 years of primary term and 4 five-year options
  • 10% rental increases every 5 years throughout primary term as well as through the options periods
  • Single tenant NNN lease with no Landlord responsibilities
  • Well positioned on the main retail corridor across from Stop & Shop anchored Arcadian Shopping Center

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