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Storefront For Sale • 700 SF
| 15-YEAR ABSOLUTE-NET LEASE EXTENSION: The Lease Was Recently Extended By 15 Years In April 2025 Showing How Committed The Tenant Is To This Location. |
| LEGACY LOCATION WITH LONG-TERM OPERATING HISTORY: The Property Has Continuously Operated As A Gas Station For Over 50 Years. |
| 10% RENT ESCALATIONS EVERY 5 YEARS: Contractual Rent Escalations At 10% Every Five Years Provide Reliable Upside Income Through Term Renewal. |
| COMPACT, WELL MAINTAINED ASSET | 700 SF BUILDING ON 16,529 SF LOT: The Property Includes A Small Building Footprint With Generous Land. |
| BEST-IN-CLASS OPERATOR BACKED BY THE LARGEST GAS/CONVENIENCE STORE CHAIN IN THE WORLD: Speedway, LLC Is A Wholly Owned Subsidiary of 7-Eleven, Inc. |
| RARE OPPORTUNITY TO ACQUIRE A 100% BONUS DEPRECIATION ELIGIBLE PROPERTY IN NEW ENGLAND: The Property Should be Subject to 100% Bonus Depreciation. |
| Cap Rate: | 5.25 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Speedway |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Gloucester (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) | 2 min | 17 min | 0.9 mi |
| West Gloucester (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) | 6 min | - | 3.1 mi |
| Airport | Drive | Walk | Distance |
| General Edward Lawrence Logan International | 52 min | - | 31.9 mi |
Josh Kanter
Deltondo Advisory Group
Josh Kanter
Deltondo Advisory Group
