Here's an investment opportunity for you involving the retail condo at 351 and 353 Bowery between Third Street and Fourth Street... home of a 7-Eleven for maybe the next 15 years.
Details via the listing!
The Boulder Group is pleased to exclusively market for sale a single-tenant 7-Eleven retail condominium located in Manhattan within the Bowery neighborhood. 7-Eleven is committed to this location as evidenced by their recent lease extension which now expires in December 2034.
The lease features 10-percent rental escalations every five years in the primary term and a 15-percent rental escalation in the renewal option. 7-Eleven is an investment grade tenant with a Standard & Poor’s rating of AA-. This location is open 24 hours and a top performing location for 7-Eleven.
And the price for this 2,162 square feet of retail (to the exact dollar): $6,915,032.
This 7-Eleven opened in December 2011.