7-Eleven In Freehold Sells For $4.7M With Marcus & Millichap As Brokers

A 7-Eleven located at 639 US Route 9 in Freehold has been sold for $4.7 million. The property encompasses 3,010 square feet and is situated at a high-traffic intersection, which includes 12 fueling stations. It features a new 15-year triple-net lease agreement benefiting from strong local demographics and increased demand for credit tenant net lease properties.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,700,000
• Square Footage: 3,010
• Price per Square Foot: $1,561
• Address: 639 US Route 9
• Market: Freehold
• Sale Date: 10/22/2024

The transaction involved brokers Alan Cafiero, Brent Hyldahl, Derrick Dougherty, Mark Krantz, and Seth Goldberg from Marcus & Millichap, representing the sale of the property during the deal.