Sale of 7-Eleven in St. Louis MO
June 17, 2016
St. Louis Missouri USA
Cardinal Realty Group is pleased to announce the sale of a Corporate 7-Eleven Store. The 7-Eleven is located at 12223 & 12225 McKelvey Road, Maryland Heights MO 63043. Maryland Heights is a suburb of St. Louis Missouri. Hal Hanstein of Cardinal Realty Group Represented the Sellers, The Southland Corporation Employee’s Savings and Profit Sharing Plan and 7-Eleven Inc and John T. Beckman III of Sierra Represented the Buyer, Alliance Petroleum. The property is currently leased to 7-Eleven.
Cardinal Realty Group listed the property for sale at $499,500 at a cap rate of 10.3%
7-Eleven, Inc. Operates in 16 countries and employs over 39,000 people. Founded in 1927 and headquartered in Dallas, Texas. Generated $84.5 billion in revenues in 2013. S&P Rated AA-. Largest chain store operator worldwide with some 55,000 stores in 16 countries, 10,300+ are in North America.
Cardinal Realty Group Specializes in the Sale of Pure NNN Single Tenant Investment Real Estate and has successfully completed Commercial Real Estate Investment sales throughout the United States. For More information on Commercial Real Estate Investment Sales and how you can earn a higher return on your money visit http://usinvestmentrealestate.com