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409 Park Ave
Worcester, MA 01610 University Park

$2,077,714 USD

Convenience Store For Sale  •  2,515 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,515 SF
  • Lot Size 0.37 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning BG 4.8, Worcester
40 Transit Score
93 Walk Score

Highlights

Zero Landlord Responsibilities | Absolute Triple Net (NNN) lease, meaning zero landlord responsibilities
Structured Hedge Against Inflation | Lease includes 10% rent increases every 5 years, providing a built-in hedge against inflation
Corporate Guarantee | 7-Eleven provides a corporate guarantee, backed by an A credit rating, ensuring financial stability and security for the tenant
Proven Location | 7-Eleven has operated in this location for over 20 years, demonstrating the strength of the site and its continued success over time
Signalized Corner | Positioned at a signalized corner, providing high visibility and easy access, which increases traffic to the site
Committed to Location | 7-Eleven recently executed a lease extension, demonstrating their long-term commitment and confidence in the site

Property Flyers

Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
7-Eleven 10/1/2021

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.9 mi
Worcester (Framingham/Worcester Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 5 min - 2.1 mi
AirportDriveWalkDistance
Worcester Regional 10 min - 4.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
Asher Wenig 646-303-9613 SAB Capital
Asher Wenig 646-303-9613 SAB Capital