37 E Main St

RIPCO Real Estate is pleased to offer for sale 37 East Main Street, a 3,160 SF commercial property leased to 7-Eleven, located in Elmsford, NY which is part of the New York City MSA. This 7-Eleven location was built in 2021 and initially signed a 15-year absolute NNN lease with four 5-year options to extend. They currently have 10 years remaining on their initial term. The lease contains +10% rental increases every 5 years, providing the Landlord with management-free income and a built-in hedge against inflation. This 7-Eleven ranks in the top 17% of all 7-Eleven locations nationwide by visits (including gas sites), with over 239,000 annual visitors, according to Placer.ai. The property sits on the northwest corner of the signalized intersection of E Main Street and N Hillside Avenue. Within 3 miles of 7-Eleven, there is a population of 90,620 and an average household income of $198,427. The asset would be an attractive opportunity for investors looking for management-free income, with newer construction, and a strong national credit tenant within the largest metropolitan area in the country.

Term Remaining 10 Years