CAP Rate: 5.70%
Net Operating Income: $105,000
Lot Size: 0.29 AC
This is the opportunity to purchase a 2,448 square-foot absolute NNN leased 7-Eleven in Pittsburgh, Pennsylvania. The tenant has a ten year lease with 10% increases every five years and four 5 year options to renew. The lease is corporately guaranteed by 7-Eleven and calls for zero landlord obligations.
Pittsburgh is a city in the Commonwealth of Pennsylvania in the United States, and is the county seat of Allegheny County. As of 2017 the city proper has a total population of 305,704, being the 63rd largest city in the United States. The metropolitan population of 2,353,045 is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania (behind Philadelphia), and the 26th largest in the U.S.