7-Eleven

20494 Sussex Hwy, Bridgeville, DE 19933

$8,569,720

Cap Rate 5.00%

Views: 33 DOM: 113 Updated: 04.28.24 Posted: 01.25.24 Status: Active

Summary

Price $8,569,720	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,063	Lease Start 05-01-2023	#Units 83,282
Price/SF $2,109.21	Expiration 05-01-2038	Tenant Type Convenience/Gas
NOI $428,486	R. Term 13.11	Ownership Fee Simple
Rent/SF $105.46	Increases 10.0%/4/yrs	Pop 5Mi 26,678
Lot/AC 3.09	Options 4/5yrs/10%	AHHI 5Mi $61,766

Brendan Eisenbrandt

PennTex Ventures

Contact

Lease Highlights

Brand new 2023 construction
7-Eleven has 14+ years remaining on the current lease term with 4 (5-year) options to extend 
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

This newly constructed 7-Eleven is strategically located on Sussex Highway which sees 27,238+ vehicles passing by daily. Surrounding national retailers include Royal Farms, Food Lion, Family Dollar and more, promoting strong crossover traffic to the site. 26,678 people, earning an average household income of $61,766 occupy the surrounding 5-mile radius. Bridgeville is a town in Sussex County,...

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Key Features

New construction
Build to suit
Strategically located
Major MSA
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Bridgeville, Delaware Zip Code 19933 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 :	1,232	9,467	28,057
2023 Total Population :	1,125	8,998	27,130
2023 Employed Civilian Pop :	458	3,846	12,089
2023 Total Businesses :	49	399	1,135
2023 Average Household Income :	$ 91,398	$ 83,569	$ 85,664
2023 Total Consumer Spending :	$ 38 M	$ 256 M	$ 775 M
2023 Median Age :	45	42	41
2023 Total Households :	480	3,498	10,354
2023 Pop Age 25+: Bachelor's Degree :	158	1,065	2,660
2023 Average Home Value :	$ 350,633	$ 284,368	$ 288,920

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Sussex Highway		2016	22,186	0.04 mi
SR18 CANNON ROAD	Camp Rd	2020	2,791	0.16 mi
Cannon Rd	Clearbrooke Blvd	2003	11,367	0.18 mi
Sussex Highway	Cannon Rd	2016	31,796	0.19 mi
CAMP ROAD	Eskridge Rd	2020	847	0.42 mi
SR18 CANNON ROAD	N Winding Brooke Dr	2020	1,959	0.44 mi
Camp Road	Eskridge Rd	2019	1,065	0.44 mi
Rd 532	Sussex Hwy	2003	602	0.50 mi
Cannon Road		2016	2,128	0.53 mi
US13 SUSSEX HIGHWAY	N Point Commons Blvd	2020	25,279	0.55 mi

Listing Broker

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