7 Eleven With Significant Upside Potential
Stuart Frankel, Pres Net Leased Division
Nick Donadio, Associate Broker
Transactions: Working with SIP, a real estate attorney and NNN property investor sold a 7 Eleven property located in Pittsburgh, PA to long-time Long Island investor that works with the SIP firm. The purchaser paid very aggressively for this property due to his belief that there would be significant future upside potential.
Silber negotiated a transaction price of $640,000, which equated to a 4.34% Cap rate.