2487 Lapeer Rd Auburn Hills, MI
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Single tenant net lease 7-Eleven with long-term occupancy.
Type:RETAIL
Property size:
3,137 SFLot size:
0.78 AcresPrice / SF:
$510/SF- Added:
- Dec 4, 2024
- Days on Market:
- 513
- Last Refresh:
- Apr 5 at 11:12 pm
Property Features for 2487 Lapeer Rd
General Information
- Standard status
- Active
- Size
- 3,137 SF
- Lot size
- 0.78 Acres
- Property subtype
- RETAIL
Listing agent Leonard Minuto (248) 702-0947
Listing office Encore Real Estate Investment Services (248) 702-0947
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
Overview
Auburn Hills Net Lease 7-Eleven
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
Insight Report
Location Intelligence
Current Use by Public Records
Citibank ATM
Atm
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
Nearby Similar for Sale
FAQs
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
