INVESTMENT 7-Eleven and Mobil Gas Station OPPORTUNITY · 2019-09-06 · | 866-680-2470 CONFIDENTILITY AND DISCLAIMER CONFIDENTIALITY PROVISIONS AND DISCLAIMER East Coast Realtors,

INVESTMENTOPPORTUNITY

Exclusively Listed By:

PATRICK CHEN | [email protected] | 646-239-6982

Representative Image

7-Eleven and Mobil Gas Station 29351 Northline Rd, Romulus, MI 48174


PATRICK CHEN | 646-239-6982

Confidentiality Agreement

Investment Highlights

Lease Summary

Aerial Map

Area Overview

Demographics

TABLE OF CONTENTS






PATRICK CHEN | 646-239-6982| 866-680-2470

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CONFIDENTIALITY PROVISIONS AND DISCLAIMER

East Coast Realtors, on behalf of Ownership, is pleased to offer for sale or lease, as its exclusive advisor, the ground lease interest in Romulus, MI (the “Property” or “Offering"), a 2,900 square foot building ("Property"). The Owner has directed that all inquiries and communications with respect to the contemplated sale of such Property be directed to the Listing Broker.

Marketing Information and the contents, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Marketing Information, Recipient agrees that he or she will hold and treat it in the strictest confidence, that you will not disclose the Marketing Information or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or Listing Broker and that you will not use the Marketing Information or any of the contents in any fashion or manner detrimental to the interest of Owner. The recipient further agrees that all information received in written form will be returned if the transaction does not fully consummate. The recipient further agrees that this confidentiality agreement shall survive the consummation or lack of consummation of the transaction and shall be binding upon its agents, successors, and assigns and insures to the benefit of the Owner and its agents, successors and assigns.

The recipient further agrees to save and hold harmless the Listing Broker, its agents, successors and assigns and the Owner and its agents from any such actions or cause of actions which may arise as a result of a violation of the provisions of this agreement. These materials do not constitute an offer, but only a solicitation of interest with respect to a possible sale of the property, which the Owner may consider. Ownership reserves the right to withdraw the property from the market or to amend the terms of these materials at any time. The Owner reserves the right to accept or reject any offers including full price offers, and further reserves the right to remove the property from the market at any time.

The enclosed information (and any supplemental materials provided to a prospective purchaser) has been obtained by sources believed reliable. While the Listing Broker does not doubt its accuracy, we have not verified it and neither we nor the Owner make any guarantee, warranty or representation of any kind or nature about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example and do not represent past, current or future performance of the property. The value of this transaction to you depends on many considerations, including tax and other factors, which should be evaluated by you and your tax, financial and legal advisors. You and your advisors should conduct a careful and independent investigation of the property to determine to your satisfaction the suitability of the property and the quality of its tenancy for your records. The Evaluation Material furnished to Principal will not be used by Principal for any purpose other than for evaluating a possible transaction involving the Property with the Principal. Owner agrees to pay a brokerage commission to the Listing Broker only per separate agreement. If a Broker other than Patrick Chen of the Listing Broker represents a successful Buyer, the Buyer will be responsible for the fee to his broker. East Coast Realtors represents the owner and does not allow any sub agency to any other broker. The Listing Broker, in its capacity as exclusive agent for Owner, has no power or authority in any way to bind the Owner with respect to a transaction involving the Property and that the Owner shall in no way be bound or be deemed to have agreed to any transaction or the terms and conditions thereof until such time as the Owner has executed and delivered a written agreement with the Principal under terms and conditions that are acceptable to the Owner, in its sole and absolute discretion. Your understanding and approval of these terms is evidenced by your electronic signing of this document. This Agreement shall remain in force for a period of twelve (12) months from the date hereof, but the confidentiality provisions shall survive for such time as owner considers this material to be confidential.





Location:

Parcel Size:

Building Size:

Net Operating Income:

Rental Increase:

Price/ Cap Rate:

Comments:

29351 Northline Rd, Romulus, MI 48174

39,229 Sq. Ft.

2,900 Sq. Ft.

$119,892 Annually

10% every 5 years including options

$2,283,670 / 5.25% CAP

The subject property, 7-Eleven, is a convenience store with a fuel facility (six islands with 12 pumps). It is located approximately 3.4 miles from the Detroit Metro Wayne International Airport. The VPD (Vehicles Per Day) on the major road, Northline Road, reaches 29,630 and 29,432 on the cross road, Middlebelt Road.

7-Eleven is a corporate store and the lease is guaranteed by corporate. As of June 2019, there is a total of 68,236 stores in 17 countries. The chain was founded in 1927 in Dallas, Texas and evolved to today’s largest convenience chain in the world.

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PATRICK CHEN | 646-239-6982| 866-680-2470





Built:

Lease Commencement:

Lease Expiration:

Rental Increases:

Option to Renew:

Taxes:

Insurance:

Roof and Structure:

Maintenance and Repairs:

Right of First Refusal:

Type of Lease:

Lease Guarantor:

2001

9/1/2013

8/31/2028

10% every 5 years including options

Three at five (5) years each

Tenant Pays

Tenant Pays

Tenant Pays

Tenant Pays

Yes (30 days)

Ground Lease

Corporate

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PATRICK CHEN | 646-239-6982| 866-680-2470

WENDY’S3140 SOUTH ROCHESTER ROAD, ROCHESTER HILLS, MI 48307

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DETROIT METROPOLITANWAYNE COUNTY AIRPORT

SOUTHLAND CENTER

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BEAUMONTHOSPITAL

SITE

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NORTHLINE RD 29,630 VPD

DETROIT INDUSTRIAL EXPY

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29,432 VPD




PATRICK CHEN | 646-239-6982| 866-680-2470



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WINVESTMENTOPPORTUNITY

Romulus is a suburban city of Metro Detroit, located in Wayne County in the U.S. state of Michigan. The population was 23,989 at the 2010 census, an increase from 22,979 in 2000, making the city the 80th largest city in Michigan. Romulus is home to Detroit Metropolitan Airport and a General Motors plant (Romulus Engine) that opened in 1975. The city is the westernmost community in the Downriver area of Wayne County. Romulus has some retail in the city including a local drug store and a host of small businesses throughout the city.

Source: https://en.wikipedia.org/wiki/Romulus,_Michigan

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2019 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income 2024 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income

1 Mile 254 102 73 2.49 78 24 42.8 $42,966 $58,518 1 Mile 251102722.46782345.2$49,452$71,336

3 Miles27,33210,4067,3252.625,9224,48435.6$42,248$58,851 3 Miles27,40310,4937,3582.606,0324,46136.6$50,316$69,781

5 Miles109,59742,26428,6142.5626,92115,34238.4$45,870$60,453 5 Miles 109,68642,52828,6782.5527,36215,16639.3$53,893$72,307

5 MILE

3 MILE

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PATRICK CHEN



PATRICK CHENCOMMERCIAL SPECIALIST

NYS Lic # 10301213624

| [email protected]| 646-239-6982| 866-680-2470

7-Eleven and Mobil Gas StationCorporated Ground Lease

29351 Northline Rd, Romulus, MI 48174


Broker of Record:DENO BISTOLARIDES

MI Lic # 6505402780

Documents

INVESTMENT 7-Eleven and Mobil Gas Station OPPORTUNITY · 2019-09-06 · | 866-680-2470 CONFIDENTILITY AND DISCLAIMER CONFIDENTIALITY PROVISIONS AND DISCLAIMER East Coast Realtors,