THE OPPURTUNITY:

  • ADDRESS 1818 E Lancaster Ave, Paoli, PA 19301
  • PRICE $2,845,000
  • CAP RATE 5.00%
  • NOI $142,257
  • LEASE TYPE Fee Simple: NNN
  • BUILDING SIZE 2,614 SF
  • PARCEL SIZE 0.72 Acres
  • YEAR BUILT 1986
  • TENANT 7-Eleven, Inc.
  • REMIANING LEASE TERM 14.3 Years
  • OPTIONS Five (5), Five (5) Year Options
  • RENTAL INCREASES 10% on 1/1/2036

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to 7-Eleven, (the “Property”) in Paoli, Pennsylvania, a suburb on the coveted Main Line, just 20 miles northwest of Philadelphia and within the Philadelphia MSA. 7‑Eleven, Inc. recently executed a new 15-year, fee simple triple-net (NNN) lease as part of a sale-leaseback transaction, providing investors with over fourteen (14+) years of term remaining. The triple-net (NNN) lease structure creates a passive ownership opportunity backed by one of the world’s largest convenience store operators. The long-term lease commitment enhances income stability and reduces near-term rollover risk. The fee simple ownership structure allows investors to benefit from bonus depreciation on the building and certain site improvements, creating the potential for meaningful tax savings and enhanced after-tax returns. This feature provides an attractive wealth-preservation benefit that is often unavailable in ground lease investments where the investor does not own the improvements.

7‑Eleven has successfully operated at this location since 1986, demonstrating nearly four decades of proven performance and long-term viability. The property’s established presence within the community has created strong consumer familiarity and brand recognition. The property sits at the corner of the signalized intersection of Route 30 (E Lancaster Ave) and Pennsylvania Route 252 where it benefits from excellent visibility from a combined 45,700 VPD. Route 30 is the oldest paved road in the country and runs parallel with the former Pennsylvania Railroad’s Main Line. Today, the towns that border the track encompass the prestigious Main Line area. The Main Line is a historical yet affluent corridor containing some of the wealthiest communities in the United States. As a 24-hour location, 7‑Eleven benefits from continuous customer traffic and multiple daypart revenue streams, maximizing sales potential and site productivity. Around-the-clock operations help drive consistent consumer demand, enhance the property’s importance within the trade area, and support long-term occupancy by one of the nation’s leading convenience store operators. Additionally, 7‑Eleven is paying below-market rent relative to comparable retail properties in the area, providing a conservative rent basis that supports long-term occupancy and lease stability.

INVESTMENT HIGHLIGHTS:

FEE SIMPLE NNN LEASE WITH 14+ YEARS OF TERM REMAINING – 7‑Eleven, Inc. recently executed a new 15-year, fee simple triple-net (NNN) lease as part of a sale-leaseback transaction, providing investors with over fourteen (14+) years of term remaining. The triple-net (NNN) lease structure creates a passive ownership opportunity backed by one of the world’s largest convenience store operators. The long-term lease commitment enhances income stability and reduces near-term rollover risk.

BONUS DEPRECIATION ELIGIBLE – The fee simple ownership structure allows investors to benefit from bonus depreciation on the building and certain site improvements, creating the potential for meaningful tax savings and enhanced after-tax returns. This feature provides an attractive wealth-preservation benefit that is often unavailable in ground lease investments where the investor does not own the improvements.

BELOW MARKET RENT – 7‑Eleven is paying below-market rent relative to comparable retail properties in the area, providing a conservative rent basis that supports long-term occupancy and lease stability.

ESTABLISHED 40-YEAR OPERATING HISTORY – 7‑Eleven has successfully operated at this location since 1986, demonstrating nearly four decades of proven performance and long-term viability. The property’s established presence within the community has created strong consumer familiarity and brand recognition.
PRIME MAIN LINE LOCATION AT SIGNALIZED INTERSECTION – The property sits at the corner of the signalized intersection of Route 30 (E Lancaster Ave) and Pennsylvania Route 252 where it benefits from excellent visibility from a combined 45,700 VPD. Route 30 is the oldest paved road in the country and runs parallel with the former Pennsylvania Railroad’s Main Line. Today, the towns that border the track encompass the prestigious Main Line area. The Main Line is a historical yet affluent corridor containing some of the wealthiest communities in the United States.

24/7 OPERATIONS – As a 24-hour location, 7‑Eleven benefits from continuous customer traffic and multiple daypart revenue streams, maximizing sales potential and site productivity. Around-the-clock operations help drive consistent consumer demand, enhance the property’s importance within the trade area, and support long-term occupancy by one of the nation’s leading convenience store operators.

MOST AFFLUENT COUNTY IN PA (CHESTER COUNTY) – Paoli is located within Chester County, the most affluent county in Pennsylvania. The 1-mile radius surrounding the property boasts an average household income of over $220,000 while the 3 and 5-mile radii boast an average household income of over $240,000.

Brokerage Team

Marc Mandel

Marc Mandel

Managing Principal
Forged Real Estate
Steve Schrenk

Steve Schrenk

Marco DiPrinzio

Marco DiPrinzio

James Yi

James Yi

Director
Forged Real Estate