(800) 916-6913 
7-Eleven
1120 Main Avenue - Pineville WV 24874
| LTV (Loan to Value) | 65.00% | Current NOI | $85,800.00 |
| Interest Rate | 4.250% | Capital Rate | 7.000% |
| Fixed Term | 10 Years | Land Area | +/- 0.204 Acres |
| Amortization | 25 Years | Lease Type | Absolute NNN |
| Loan Amount | $796,714.10 | Property Type | Retail |
| Payment | $4,316.10 | Property Lease | Convenience Store |
| Bulding Size | 0 SF | Remaining Terms | +/- 12 Years |
Location Description
NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the 7-Eleven property located at 1120 Main Avenue, in Pineville, West Virginia (the “Property”). The Property is a 100% fully leased 7-Eleven Inc. and is operated as a 2,189 SF convenience store, located on 0.204 Acres along West Virginia State Route 10 (Main Avenue), the primary regional thoroughfare. The Property is corporately leased by 7-Eleven, Inc. and is an Absolute NNN investment, with zero landlord responsibilities for maintenance or repair of the Property for the duration of the base lease term and option periods. 7-Eleven, Inc. is currently operating under a 20 year base lease term with approximately 12 years remaining and four, five year renewal options. There are 10% rental increases every five years through the duration of the lease term and at the start of each option period. Current annual rent is $85,800 with the next rental increase in September 2017.
Highlights
Corporate Lease with Investment Grade Credit – Property features corporate lease from 7-Eleven, Inc., the world's largest operator, franchisor and…
Property Description
Pineville is a town in Wyoming County, West Virginia, along the Guyandotte River. It is the county seat of Wyoming County. Pineville is located approximately 85 miles south of Charleston, WV.The subject Property is located along West Virginia State Route 10 (Main Avenue), a primary regional thoroughfare. There are a number of businesses surrounding the property including First Peoples Bank, Dollar General, Subway, Rite Aid, and Dairy Queen, among others.