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Views: 21 DOM: 17 Updated: 10.29.24 Posted: 10.29.24 Status: Active

Summary

Price $11,400,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 01-01-2025
#Units 83,282
Price/SF $2,451.61
Expiration 12-31-2043
Tenant Type Convenience/Gas
NOI $570,000
R. Term 19.1
Ownership Fee Simple
Rent/SF $122.58
Increases 10.0%/5/yrs
Pop 5Mi 319,428
Lot/AC 2.38
Options 3/5yrs/10%
AHHI 5Mi $92,722

Lease Highlights

  • Brand new 2024 construction
  • Brand new rare 18-year Absolute NNN lease with 3 (5-year) options to renew
  • 10% rental bumps in year 11 & every 5 years thereafter
  • Property located in Opportunity Zone
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the hard corner intersection of South 7th Street and East Mohave Street, with access to a combined daily traffic count of 44,163 vehicles. Its strategic location provides direct access to major highways, including I-17 (126,600 VPD), I-10 (211,000 VPD), US 60, and Loop 202. The site is also well-positioned within a commercial and industrial hub, close to...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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

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