7-Eleven

639 U.S. 9, Freehold, NJ 07728

$4,900,000

Cap Rate 5.10%

Views: 128 DOM: 208 Updated: 09.18.24 Posted: 05.09.24 Status: Contract

Summary

Price $4,900,000	Built/Renov 1990	Tenant 7-Eleven
Cap Rate 5.10%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,010	Lease Start 02-04-2024	#Units 83,282
Price/SF $1,627.91	Expiration 02-28-2039	Tenant Type Convenience/Gas
NOI $250,000	R. Term 14.3	Ownership Fee Simple
Rent/SF $83.06	Increases 10.0%/5/yrs	Pop 5Mi 85,200
Lot/AC 1.40	Options 3/5yrs/10%	AHHI 5Mi $152,358

Alan Cafiero

Marcus & Millichap

Contact

Lease Highlights

7-Eleven recently executed a brand new 15-year lease 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 US-9 and Strickland Road, with access to a high combined daily traffic count of 47,670 vehicles. The property offers multiple means of ingress/egress on Route 9 as well as Wyckoff Mills Road. It is approximately 2.8 miles from Route 33 and 3.2 miles from I-195. The immediate area boasts well-known national tenants,...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Traded and rated company

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Freehold, New Jersey Zip Code 07728 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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
United States Highway 9	Strickland Rd	2013	53,567	0.26 mi
US Hwy 9	Miller Bungalows	2017	42,086	0.34 mi
US 9	Scenic Dr	2022	39,706	0.44 mi
Bergerville Road		2019	3,361	0.53 mi
Strickland Road		2018	7,533	0.70 mi
Elton Adelphia Road	Bar Harbor Rd	2018	7,708	0.82 mi
Adelphia Rd	Patterson Dr	2012	8,317	0.84 mi
Elton Adelphia Rd	Bar Harbor Rd	2013	13,291	0.85 mi
	Linda Ln	2022	42,122	0.90 mi
Halls Mill Road/CR-55	Elton Adelphia Rd	2018	4,350	0.90 mi

Listing Broker

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