AA- Credit Rating. NNN Passive Lease. Single tenant 7 Eleven convenience store with long term, management free lease. Lease with 1, 5 year renewal option. The2,224 sf retail property is located at a signalized intersection in Biglerville, Pennsylvania, about 7 miles north of Gettysburg.
Strong store sales with low rent to sales ratio of 3.3%. 12 Years Remaining. Well located on a major road. Long term tenant has been in building since 1996. Low price point, well below replacement cost. Essential Business.
Early 5-Year Lease Extension | Corporate Guaranteed |Investment Grade Tenant | Scheduled Rental Increase. Early 5-year lease extension beginning November 2022 with 3 (5-year) options to extend, demonstrating their long-term commitment to the site.