7-Eleven

134 N Center Ave, Gaylord, MI 49735

Pricing

Price: $757,000

Cap Rate: 6.50%

NOI: $49,220

Price Per SF: $286.74

Leasable Area: 2,640 SF

Term Remaining: 6.2 Years

Year Built: 1979/2006

Occupancy: 100%

Lot Size: 0.42 Acres

Status: Available

Highlights

  • #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.

BROKERS OF RECORD: Bang Realty-Michigan, Inc RE#177814 

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9891 Irvine Center Drive

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Irvine, CA 92618

Tel: 800-948-1250

Fax: 717-797-0004

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Palm Desert, CA 92211

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