2216 University Ave - Service Station FOR SALE


Madison, WI 53726- Regent
$3,321,000 USD
949-506-5027
2216 University Ave, Madison, WI for Sale
$3,321,000 USD
Service Station - FOR SALE
1/9
null | 4.75% Cap Rate

2216 University Ave
Madison, WI 53726
Regent


HIGHLIGHTS

  • University of Wisconsin-Madison | UW Health University Hospital |Memorial Veterans Hospital | Madison Yards Development
  • Over 2 Years Remaining | Corporate Signed | Annual Rental Increases | 8-Pump Gas Station
  • University Avenue (24,030 VPD) | U.S. Highway 14 (129,000 VPD) | Strong Brand Presence | Covid & E-commerce Resistant Tenant
  • Hilldale Mall (465,000 SF) | West Towne Mall (1,015,000 SF) | West Towne Crossing (401,000 SF) | Primary Retail Corridor
  • NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 7-Eleven investment property located in Madison, Wisconsin. The tenant, 7-Eleven, Inc (S&P: A) has over 2 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.50% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with with minimal landlord responsibilities (roof replacement only), making it ideal for a passive investor. With 85,000 stores globally and $88 billion in annual sales, 7-Eleven has more outlets than any other retailer or food service provider in the world and consistently ranks as one of the top U.S. Franchisees.

FOR SALE DETAILS

PRICE

$3,321,000 USD

PRICE/SF

$870 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | Corp Abs NNN | Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

TSS

APN/PARCEL ID

0709-222-0501-2

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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