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1581 Titus Ave, Irondequoit, NY, 14622

7-Eleven

$1,738,038

Key Information

Cap Rate
5.25%
Tot. SF
2,856
Lot Size
0.68 Acres
Year Built
2000
Term Remaining
± 5 Years
Type
Retail
NOI
$91,247

Highlights

• Corporate-Guaranteed Lease: Backed by 7-Eleven, Inc. corporate guarantee, providing investment-grade credit backing.
• 26-Year Operating History: Building constructed 2000, operating continuously as a 7-Eleven/Sunoco fuel & convenience site since
• 7-Eleven / Sunoco Fuel Brand: One of ~1,030 Sunoco-branded sites 7-Eleven Inc. acquired in a ~$3.3B 2018 deal; still runs Sunoco 94-octane TOP TIER fuel under the 7-Eleven banner.
• Recent Renewal, No Concessions: Tenant just exercised its next renewal option with zero concessions — clear signal of long-term commitment to the site.
• Below-Market, Modest Rent: For a fee-simple fuel/convenience site on an giving the landlord leverage.
• Rare Small Price Point: A rare price point range for a 7-Eleven Gas Station, (most corporate 7-Elevens trade $5M+).
• Bonus Depreciation Eligible: Fee simple ownership is potentially eligible for bonus depreciation — consult your CPA or contact broker for details.
• Prime Corner Site, High Traffic: 200′ of frontage on Titus Ave (CR 91), carrying ~11,000 VPD combined directions at this block.
• Strong Trade Area: 94,111 residents / 40,558 households within 3 miles; $79,841 median HH income within 1 mile.
• Growing Rent Fundamentals: Submarket asking rents up 5.1% YoY at this property vs. +1.3% for the broader market; submarket vacancy a tight 6.2% (0.0% at the subject).
• Opportunity Zone: Site sits in a designated Opportunity Zone — added capital-gains benefit on top of standard 1031 eligibility.
• Small, Efficient Footprint: 2,856 SF building on 0.68 AC — low land basis for a fuel/convenience use. Fee simple ownership, potentially eligible for bonus depreciation — consult CPA

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017