134 N Center Ave, Gaylord, MI 49735
Cap Rate: 6.50%
Price Per SF: $286.74
Leasable Area: 2,640 SF
Term Remaining: 6.2 Years
Year Built: 1979/2006
Lot Size: 0.42 Acres
#1 Convenience Store Chain - 7- Eleven is the Largest Convenience Store Operator in the Nation, and has been at successfully operating at this location for 41 years.
Recently Extended Lease - The tenant recently exercised a 5-year option early to extend the lease to 2026, showing its commitment to this location.
Rental Increases - 10% Rental Increases in the option periods gives owners upside potential and helps hedge against inflation.
Long Term Tenant - This location has successfully operated as a 7-Eleven for over 41 years. It is the only 7-Eleven in Gaylord and serves, the local residents as well as travelers coming in and out of town.
Residential / School Area - This property is located in Otsego County, and just 2 miles from Gaylord regional airport, a hub for FEDEX & UPS. It sits in a residential area and is walking distance to the local elementary, middle & intermediary schools
Growing Resort Town - Gaylord is a Winter/Summer destination which continues to grow every year. This growth is confirmed by major national tenants such as Lowe’s, Walmart, O’Reilly Auto Parts, & Holiday Inn entering the local market in recent years.