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Auburn Hills Net Lease 7-Eleven

2487 Lapeer Rd, Auburn Hills, MI

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For Sale

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Single tenant net lease 7-Eleven with long-term occupancy.

Type:RETAIL

Property size:

3,137 SF

Lot size:

0.78 Acres

Price / SF:

$510/SF

HighLights

Corporate lease guaranty with 7‑Eleven, S&P AA- & Moody's Baa1 (Investment Grade)
Absolute "NNN" net lease - zero landlord responsibilities
Long term occupancy - 7‑Eleven has been operating at this location for over 34 years
10% rental increases each option period with (3) five year renewal options
Located at the intersection of Lapeer & Walton, a hard signalized corner with over 36,500+ vehicles per day and multiple points of ingress & egress
Located 1.5 miles away from Oakland University (16,000+ students)

We can help!

Listing Contact

Leonard Minuto

For Sale

Contact for pricing

Single tenant net lease 7-Eleven with long-term occupancy.

Type:RETAIL

Property size:

3,137 SF

Lot size:

0.78 Acres

Price / SF:

$510/SF

Added:: Dec 4, 2024
Days on Market:: 559
Last Refresh:: May 20 at 8:12 pm

Property Features for 2487 Lapeer Rd

General Information

Standard status: Active
Size: 3,137 SF
Lot size: 0.78 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Leonard Minuto

Listing agent Leonard Minuto License #6501373153

Listing office Encore Real Estate Investment Services

Listing date Dec 4, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services

HighLights

Corporate lease guaranty with 7‑Eleven, S&P AA- & Moody's Baa1 (Investment Grade)
Absolute "NNN" net lease - zero landlord responsibilities
Long term occupancy - 7‑Eleven has been operating at this location for over 34 years
10% rental increases each option period with (3) five year renewal options
Located at the intersection of Lapeer & Walton, a hard signalized corner with over 36,500+ vehicles per day and multiple points of ingress & egress
Located 1.5 miles away from Oakland University (16,000+ students)

Overview

This is a 3,137 square foot single tenant net lease 7-Eleven property situated on 0.55 acres. The absolute NNN net lease structure ensures zero landlord responsibilities. 7-Eleven has been operating at this location for over 34 years. The property is located 1.5 miles away from Oakland University, which has over 16,000 students. The location benefits from strong daytime employment, with over 103,000 employees and over $1.9 billion in consumer spending within a 5-mile radius. Situated at the intersection of Lapeer Road and Walton Boulevard, the hard signalized corner sees over 36,500 vehicles per day and offers multiple points of ingress and egress. The demographics are prominent, with a population exceeding 154,000 within a 5-mile radius. Excellent signage and visibility are provided by a monument sign strategically placed at the intersection. The lease includes 10% rental increases each option period and three five-year renewal options. The lease is corporately guaranteed by 7-Eleven, which holds an investment grade rating of S&P AA- and Moody's Baa1.

Property Profile Location Intelligence

Current Use by Public Records

Citibank ATM Atm

Suggested Use

Similar Places Nearby

Carnival Market — 1101 Walton Blvd., Pontiac, MI 48340
Pontiac Foodland — 1925 Perry St, Pontiac, MI 48340

Location Insight

Map
Local Demand

City: Auburn Hills
County: Oakland
State: Michigan
Longitude: -83.2511
Latitude: 42.6787

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What type of property is this?

Grocery and convenience store - Single tenant net lease 7-Eleven with long-term occupancy.

Where is this grocery and convenience store located?

The property is located at 2487 Lapeer Rd Auburn Hills, MI.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Corporate lease guaranty with 7‑Eleven, S&P AA- & Moody's Baa1 (Investment Grade); Absolute "NNN" net lease - zero landlord responsibilities; Long term occupancy - 7‑Eleven has been operating at this location for over 34 years

2487 Lapeer Rd, Auburn Hills, MI

Single tenant net lease 7-Eleven with long-term occupancy.

Property Features for 2487 Lapeer Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turnkey Auburn Hills Short-Term Rental

Specialized Industrial Facility with Office

High-Tech Office with Workout Facility

Versatile Building Near I-75

Auburn Hills Corporate Office Building

Vehicle Development and Testing Facility

Industrial Manufacturing Facility

Retail Space For Sale

Turnkey Short-Term Rental Business

Clean Industrial Building with Expansion Potential

Turnkey Short-Term Rental Business

Updated Duplex Near Oakland University

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