7-11 Gas
For Sale
Contact for pricing
40 Denison Pkwy E, Corning, NY 14830
Corporate-backed fuel station with an established 7-11 tenant and recently exercised lease option.
Property Size1,650 SF
Price / SF$324.24
Days on Market163
Property Features for 40 Denison Pkwy E
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$37,272
Building Details
Tenancy
Single
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Amanda Gordon · License #NY10301207148
Source:
Crexi
Added: May 6
Changed: Oct 4
Last Checked: Oct 14 at 11:13PM
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 Silber Investment Properties Ltd
Investment Insights
Based on property information with market context.
This 1,650 SF gas station at 40 Denison Pkwy E in Corning, NY is occupied by 7-11. The property is associated with the 7-11 and Mobil brands and operates under a lease backed by a corporate guarantee from 7-11.
The tenant has recently exercised an option under the lease, providing a documented continuation of occupancy. The property is located in Corning, NY 14830 and is offered as a gas station asset.
The tenant has recently exercised an option under the lease, providing a documented continuation of occupancy. The property is located in Corning, NY 14830 and is offered as a gas station asset.
Key Highlights
- 1,650 SF gas station property
- 7‑11 tenant with corporate lease guarantee
- Tenant recently exercised a lease option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,339
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,780
$426.8K
Cap Rate 7%
$304,843
$304.8K
Cap Rate 9%
$237,100
$237.1K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$29.7K $18.00/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$28.5K $17.24/SF
− OpEx
−$7.1K −$4.31/SF
NOI
$21.3K $12.93/SF
Area
Steuben County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,780
Cap Rate 7%
$304,843
Cap Rate 9%
$237,100
Alternative Uses
Best Use
Specialty Retail
$304.8K
$266.7K – $355.7K
NOI $21,339 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$227.6K
$199.2K – $265.6K
NOI $15,933 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
McDonald's
Dining
20,658 visits/mo
0.2 miles
Byrne Dairy
Shops & Services
12,473 visits/mo
0.2 miles
Burger King
Dining
5,414 visits/mo
0.3 miles
Mobil
Shops & Services
5,068 visits/mo
0.1 miles
Sunoco
Shops & Services
3,756 visits/mo
0.2 miles
Demographics for 14830, NY
18,949
Population
9,324
Households
2
Avg Household Size
40
Median Age
41%
College-Educated
96%
High-School Grad
90.6 sq mi
ZIP Area
209
Density / Sq Mi
$73,831
Median Household Income
$48,331
Median Earnings
$997
Median Rent
$168,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Corporate-backed fuel station with an established 7-11 tenant and recently exercised lease option.
Where is this gas station located?
The property is located at 40 Denison Pkwy E Corning, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1,650 SF gas station property; 7‑11 tenant with corporate lease guarantee; Tenant recently exercised a lease option
