7-Eleven

4400 South Western Avenue, Oklahoma City, OK 73109

$6,763,000

Cap Rate 5.40%

Views: 39 DOM: 114 Updated: 04.09.24 Posted: 01.23.24 Status: Active

Summary

Price $6,763,000	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.40%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,680	Lease Start 12-14-2023	#Units 83,282
Price/SF $1,445.09	Expiration 12-31-2038	Tenant Type Convenience/Gas
NOI $365,169	R. Term 14.7	Ownership Fee Simple
Rent/SF $78.03	Increases 7.5%/5/yrs	Pop 5Mi 212,910
Lot/AC 1.46	Options 4/5yrs/7.5%	AHHI 5Mi $68,616

Edward Benton

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
7-Eleven recently executed a brand new 15-year lease with 4 (5-year) options to extend
Lease features 7.5% rental increases every 5 years throughout the primary term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This brand-new, large format 7-Eleven, sitting on a 1.462-acre parcel features a Laredo Taco, 40 parking spaces, and 12 MPDs. It is strategically positioned at the intersection of S. Western Ave. and SW 44th St., which see a combined 33,348+ vehicles passing by daily. The property is located across from the INTEGRIS Health Southwest Medical Center, a 334-bed facility that is home to 40...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Oklahoma City, Oklahoma Zip Code 73109 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	17,353	106,671	214,910
2023 Total Population :	17,364	105,627	211,829
2023 Employed Civilian Pop :	7,170	44,096	96,654
2023 Total Businesses :	445	3,688	11,758
2023 Average Household Income :	$ 49,549	$ 51,648	$ 64,190
2023 Total Consumer Spending :	$ 263 M	$ 1674 M	$ 4555 M
2023 Median Age :	32	32	34
2023 Total Households :	5,992	36,603	80,690
2023 Pop Age 25+: Bachelor's Degree :	569	3,060	15,575
2023 Average Home Value :	$ 172,361	$ 160,573	$ 188,609

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
SW 44th St	S Western Ave	2018	18,276	0.13 mi
South Western Avenue	SW 39th St	2019	18,600	0.16 mi
Southwest 44th Street	S Shartel Ave	2019	16,100	0.25 mi
S Western Ave	SW 37th St	2015	17,980	0.29 mi
Southwest 44th Street	S Lee Ave	2018	18,620	0.34 mi
SW 44th St	S Douglas Ave	2019	19,268	0.35 mi
South Western Avenue		2019	19,400	0.36 mi
S Douglas Ave	SW 40th St	2014	2,601	0.36 mi
Southwest Grand Boulevard	S Olie Ave	2018	8,085	0.37 mi
SW Grand Blvd	S Olie Ave	2018	8,085	0.39 mi

Listing Broker

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