1794 SE Mile Hill Dr - Convenience Store FOR SALE


Port Orchard, WA 98366
$1,400,000 USD
206-826-5787
1794 SE Mile Hill Dr, Port Orchard, WA for Sale
$1,400,000 USD
Convenience Store - FOR SALE
1/3
null | 6.61% Cap Rate

1794 SE Mile Hill Dr
Port Orchard, WA 98366


HIGHLIGHTS

  • High-Quality 2010 Construction Former 7-Eleven Convenience Store
  • Pad-Site to Recently Renovated Grocery Anchored Shopping Center
  • Excellent Visibility and Access
  • Located Adjacent to South Kitsap High School
  • Income Tax Free State

OVERVIEW

Marcus & Millichap’s Brown Retail Group has been selected exclusively to market for sale Former 7-Eleven (Owner/User or Redevelopment) located in Port Orchard, WA. The property is a 3,050 square foot convenience store currently leased to 7-Eleven until December, 2025 with monthly rent of $7,707.70. The new owner will be able to open their own convenience store at the property or redevelop the site into another use at the expiration of the term. The Property features roughly 340 feet of frontage on SE Mile Hill Drive (16,000+ VPD) and numerous access points. The Property is ideally located as a pad-site at the main entrance to Towne Square Retail Center, a roughly 154,000 SF shopping center anchored by Grocery Outlet, Goodwill and Ace Hardware. This shopping center recently underwent a significant renovation with over $5,000,000 in improvements including a brand new storefront The Property is also adjacent to South Kitsap High School, a 4A high school enrolling more than 2,650 students per year. Within a 5-mile radius of the Property, the population grew by over 4.4% in the last five years with average household incomes exceeding $93,000.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former 7-Eleven | Owner/User | Redevelopment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CITY

APN/PARCEL ID

362401-2-096-2006

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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