7-Eleven

NWC McFadden Avenue & Tustin Village Way, Tustin, CA 92780

$8,965,000

Cap Rate 4.35%

Views: 21 DOM: 21 Updated: 04.25.24 Posted: 04.25.24 Status: Active

Summary

Price $8,965,000	Built/Renov 2024	Tenant 7-Eleven
Cap Rate 4.35%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,212	Lease Start 07-01-2024	#Units 83,282
Price/SF $2,128.44	Expiration 06-30-2039	Tenant Type Convenience/Gas
NOI $390,000	R. Term 15.1	Ownership Fee Simple
Rent/SF $92.59	Increases 7.5%/5/yrs	Pop 5Mi 659,406
Lot/AC 1.14	Options 4/5yrs/7.5%	AHHI 5Mi $134,924

Lease Highlights

Brand new 2024 construction
7-Eleven will be executing a brand new 15-year lease with 3 (5-year) and 1 (4-year, 11 months) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of McFadden Avenue and Tustin Village Way, with access to a combined daily traffic count of 32,000 vehicles. Its advantageous location is adjacent to the Costa Mesa Freeway, boasting a substantial traffic count of 307,000 VPD. Moreover, the property resides within a densely populated multi-family neighborhood,...

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Key Features

New construction
Signalized intersection
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Tustin, California Zip Code 92780 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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Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7356 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6781 Views
40 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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