7-Eleven

722 North Blackstone Avenue, Fresno, CA 93701

$4,442,000

Cap Rate 4.50%

Views: 14 DOM: 20 Updated: 05.14.24 Posted: 04.27.24 Status: Active

Summary

Price $4,442,000	Built/Renov 2021	Tenant 7-Eleven
Cap Rate 4.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,959	Lease Start 04-01-2022	#Units 83,282
Price/SF $1,501.18	Expiration 03-31-2037	Tenant Type Convenience/Gas
NOI $199,900	R. Term 12.10	Ownership Fee Simple
Rent/SF $67.56	Increases 10.0%/3/yrs	Pop 5Mi 167,458
Lot/AC 0.51	Options 3/5yrs/10%	AHHI 5Mi $60,403

Dan Riley

CBRE: NLPG South Bay

Contact

Lease Highlights

7-Eleven has 12+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% 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 Blackstone Avenue and Bremer Avenue, with access to a combined daily traffic count of 25,000 vehicles. The property is conveniently adjacent to CA State Route 180, experiencing a traffic count of 123,000 VPD. The immediate vicinity is surrounded by well-known national tenants such as Rite Aid, McDonald's, Carl's...

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Key Features

New construction
Signalized intersection
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Fresno, California Zip Code 93701 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 :	20,423	168,081	356,650
2023 Total Population :	20,392	168,151	356,137
2023 Employed Civilian Pop :	7,497	61,726	136,338
2023 Total Businesses :	1,530	5,993	13,123
2023 Average Household Income :	$ 54,158	$ 60,482	$ 66,974
2023 Total Consumer Spending :	$ 348 M	$ 2741 M	$ 6571 M
2023 Median Age :	30	30	30
2023 Total Households :	7,292	51,663	112,006
2023 Pop Age 25+: Bachelor's Degree :	1,389	9,330	23,699
2023 Average Home Value :	$ 299,368	$ 285,185	$ 320,436

*ESRI data is presented for informational purposes only

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