441 Alden Ave Morrisville, PA 19067
Profitable 7-Eleven with long-term lease and high-traffic location.
Property size:
2,620 SFLot size:
0.37 AcresProperty Features for 441 Alden Ave
General Information
- Standard status
- Active
- Size
- 2,620 SF
- Lot size
- 0.37 Acres
Source:
Crexi
Listing Agency: Bang Realty Listing Agent: Brian Brockman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Established 7-Eleven Investment Property
This property features a 2,620 square foot 7-Eleven situated on 0.37 acres. The single-tenant net lease property has a corporate lease from 7-11, Inc., with a recent 10-year lease extension. The location has a 65-year occupancy history. The property yields an annual net operating income of $100,000 and has a cap rate of 5.25%. Rent increases by 10% every five years, and there are four five-year extension options. The property is located at a high-traffic intersection with over 13,000 vehicles per day and convenient access points. The surrounding area has an average household income exceeding $130,000 within a 1-mile radius and a total population of over 262,000 within a 5-mile radius.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.808754
- Latitude
- 40.203968
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Profitable 7-Eleven with long-term lease and high-traffic location.
Where is this grocery and convenience store located?
The property is located at 441 Alden Ave Morrisville, PA.
What is the asking price?
The asking price for this property is $1,905,000.
What are key features of this property?
This property features: - Corporate lease guaranty from 7-11, Inc.; - Recent 10-year lease extension.; - Annual net operating income of $100,000 with a 5.25% cap rate.
