January 14, 2021 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of 7-Eleven in Allison Park, Pennsylvania. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $4,600,000.
7-Eleven is located at 3915 William Flynn Highway in Allison Park, Pennsylvania. The stand-alone building was constructed in 2000 and consists of 3,772 square feet on 1.20 acres of land. 7-Eleven has 10 years remaining on their corporately backed, Absolute NNN Lease with two, 5-Year Options. The lease features 2% annual rent increases throughout the remainder of the base term and both renewal options. 7-Eleven is strategically positioned along William Flynn Highway with excellent visibility and two points of access along the area’s primary commercial corridor with average traffic counts of more than 19,500 vehicles per day. The area is home to eight local schools with more than 3,000 combined students. Allison Park is an affluent suburban community that is located 10-miles north of downtown Pittsburgh.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.