Absolute NNN Ground Leased 7-Eleven 2 Heckel Rd 2,135 SF Retail Building Mc Kees Rocks, PA 15136 $4,430,520 CAD ($2,075.19 CAD/SF) 7.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease
- Corporate Guarantee
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- Zero Landlord Obligations
- 20 Year Operating History
- Well Located along Pine Hollow Rd - 21,718 VPD
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to purchase a 7-
Eleven location in McKees Rocks, Pennsylvania on an absolute NNN
ground lease. The lease calls for zero landlord obligations and is
corporately guaranteed by 7-Eleven with one, 5-year renewal option. The
property is well positioned along Pine Hollow road with exposure to
21,718 vehicles per day and adjacent to KenMawr Plaza, a 152,000 SF
community center featuring tenants such as PNC Bank, Ohio Valley
Hospital, McDonald’s, Auto Zone, Wine & Spirits, Beer Distributor,
Restaurants, Hair Salon and more. The site is nearby Fairhaven Park,
one of the top softball facilities in the Pittsburgh Area and minutes from
I-79, a major transportation route from Pittsburgh to Erie and points
north.
Eleven location in McKees Rocks, Pennsylvania on an absolute NNN
ground lease. The lease calls for zero landlord obligations and is
corporately guaranteed by 7-Eleven with one, 5-year renewal option. The
property is well positioned along Pine Hollow road with exposure to
21,718 vehicles per day and adjacent to KenMawr Plaza, a 152,000 SF
community center featuring tenants such as PNC Bank, Ohio Valley
Hospital, McDonald’s, Auto Zone, Wine & Spirits, Beer Distributor,
Restaurants, Hair Salon and more. The site is nearby Fairhaven Park,
one of the top softball facilities in the Pittsburgh Area and minutes from
I-79, a major transportation route from Pittsburgh to Erie and points
north.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,135 SF
Building Class
B
Year Built
1988
Price
$4,430,520 CAD
Price Per SF
$2,075.19 CAD
Cap Rate
7.59%
NOI
$336,319 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.84 AC
Zoning
B
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0110-K-00375-0000-00 | Improvements Assessment | $13,274 CAD |
| Land Assessment | $220,512 CAD | Total Assessment | $233,785 CAD |
