7-Eleven (New 20-Year Absolute Net Lease)

Offered for sale is a 6,730-square-foot 7-Eleven with fuel on 1.20 acres at 209 Ohio River Boulevard in Sewickley, Pennsylvania, part of the Pittsburgh MSA. The property is leased to 7-Eleven, Inc. (S&P: A-) on a new 20-year absolute net lease that runs through December 31, 2046. Rent increases 10 percent every five years starting in 2037, and the lease includes four 5-year renewal options. The signalized hard-corner site sees 26,712 VPD and has 12 fueling positions. The leased premises also include an attached former service center.