7-Eleven – Worcester, MA

7-Eleven
409 Park Ave, Worcester, MA 01610, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,515 SF 7-Eleven NNN Asset located at 409 Park Avenue in Worcester, MA. The property is leased directly to 7-Eleven, Inc. (S&P: A-), the world’s largest convenience store chain with 13,000+ U.S. locations, on a Triple Net (NNN) Lease with a corporate guarantee. The lease runs through November 30, 2031, with 2 successive 5-year options extending to 2041, and rent steps up 10% at each term. Positioned on the Park Avenue commercial corridor in New England’s 2nd-largest city, the store sits in a dense infill trade area with over 150,000 residents within 3 miles, anchored by Worcester’s health care and education economy.

  • Corporate Guarantee | Investment-Grade Credit: The lease is guaranteed directly by 7-Eleven, Inc. (S&P: A-), the world’s largest convenience store chain with 13,000+ locations, a wholly owned subsidiary of Seven & i Holdings. The corporate entity is the obligor with no franchisee credit risk, so income does not depend on a single operator.
  • Triple Net (NNN) Lease: The tenant pays real estate taxes directly to the taxing authority, plus insurance, CAM, and all maintenance, repairs, and replacements, with the landlord responsible only for the structure.
  • Signalized Corner | Dense Infill Location: Sits on a dense retail stretch of the Park Ave corridor with strong visibility and easy access, and 157,000 residents within 3 miles. A 2,515 SF non-fuel store with no pumps, avoiding the environmental exposure of gas-anchored c-stores.
  • Worcester MSA | Anchored by Health Care and Education: New England’s 2nd-largest city, where UMass Memorial Health alone employs 20,000+. Hospitals, colleges, and universities including UMass Chan Medical School, Saint Vincent Hospital, WPI, Holy Cross, and Clark rank among the largest employers, providing a consistent consumer base.
  • 10% Option Increases | 2 x 5-Year Options: Rent increases to $109,080 on 12/1/2026, then $119,988 and $131,987 through 2041.

In Cooperation With Sands Investment Group Massachusetts, LLC – Lic. #424071-RE-LC BoR: Eric Vultaggio – Lic. MA #9504073-RE-B

7-Eleven
409 Park Ave, Worcester, MA 01610, USA

7-Eleven

7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven® stores, 7-Eleven, Inc. operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven offers customers fresh, high-quality and convenient food options like sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos.

Price

$1,897,043

Cap Rate

5.75%

PREMISES

2,515 SF

YEAR BUILT

1965

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

11/30/2031

Lease Type

NNN

RENTAL INCREASES

10% at Each Option

BROKERS

Jonathan Silver
Los Angeles
Blake Marcus
Los Angeles
Cade Huggins
Los Angeles

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