1650 Crooks Rd - Convenience Store FOR SALE


Troy, MI 48084- Maple Road
$1,173,940 USD
248-702-0288
1650 Crooks Rd, Troy, MI for Sale
$1,173,940 USD
Convenience Store - FOR SALE
1/4
null | 5% Cap Rate

1650 Crooks Rd
Troy, MI 48084
Maple Road


HIGHLIGHTS

  • 2,400 SF Single Tenant 24 Hour 7-Eleven Convenience Store Situated on .29 Acres
  • Absolute "NNN" Net Lease - Zero Landlord Responsibilities
  • 7-Eleven Extended Lease For 10 Years In 2022 Showing Commitment To Location
  • (3) Five Year Option Periods w/ 10% Rental Increases
  • 7-Eleven Has Operated At Location For Over 47 Years | Location Sells Beer Wine & Liquor
  • Strong Demographics | 5-MIle Population Exceeds 280,000 & Avg Household Income $138,368

OVERVIEW

2,400 SF Single Tenant 24 Hour 7-Eleven Convenience Store Situated on .29 Acres Absolute "NNN" Net Lease - Zero Landlord Responsibilities 7-Eleven Extended Lease For 10 Years In 2022 Showing Commitment To Location (3) Five Year Option Periods w/ 10% Rental Increases 7-Eleven Has Operated At Location For Over 47 Years | Location Sells Beer Wine & Liquor Strong Demographics | 5-MIle Population Exceeds 280,000 & Avg Household Income $138,368 Dense Location w/ Excellent Day Time Population Extremely Strong Traffic Counts - 22,800+ VPD Corporate Lease Guaranty | 7-Eleven Inc - S&P "A" Rated & Moody's Baa2 (Investment Grade) Troy Has Unsurpassed City Services - A #1 Safest City In Michigan Ranking & One Of The Lowest Tax Rates In Oakland County

FOR SALE DETAILS

PRICE

$1,173,940 USD

PRICE/SF

$515 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,667 SF

ZONING

B-3, Troy City

APN/PARCEL ID

20-28-302-014

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.