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Views: 134 DOM: 564 Updated: 04.28.24 Posted: 06.06.23 Status: Active 03.22.24

Summary

Price $2,245,833
Built/Renov 1987
Tenant 7-Eleven (GL)
Cap Rate 8.99%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,400
Lease Start 05-31-1986
#Units 83,282
Price/SF $935.76
Expiration 05-30-2027
Tenant Type Convenience/Gas
NOI $202,000
R. Term 2.5
Ownership Ground Lease
Rent/SF $17.84
Increases 0.0%/0/yrs
Pop 5Mi 187,779
Lot/AC 0.26
Options 0/0yrs
AHHI 5Mi $85,421

Lease Highlights

  • 7-Eleven has a 37+ year operating history at this location
  • Tenant is currently in their last option with no renewal options remaining and pays a fixed annual rent 
  • Absolute NNN lease with zero landlord responsibilities 
  • 7-Eleven is an investment grade tenant (S&P: A) 
  • Corporate guaranteed lease by Seven and I Holdings 

 

Location Description

This 11,326 square foot building is located at 9308 N Pennsylvania Avenue in The Village, Oklahoma which is a quick 15-minute drive North of Downtown Oklahoma City. This subject property is strategically located on the hard corner, signalized intersection of West Britton Road and N Pennsylvania Avenue. The property benefits from its high visibility to more than 38,993 vehicles per day....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven (GL)
  • Guarantor:Corp T and Rated
  • Company:Seven and I Holdings
  • # 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 12,500...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,443 68,008 192,825
2023 Total Population : 12,386 66,607 189,319
2023 Employed Civilian Pop : 6,805 35,995 102,519
2023 Total Businesses : 403 5,943 13,363
2023 Average Household Income : $ 93,587 $ 90,841 $ 87,868
2023 Total Consumer Spending : $ 455 M $ 2432 M $ 6576 M
2023 Median Age : 39 38 38
2023 Total Households : 5,585 30,710 86,018
2023 Pop Age 25+: Bachelor's Degree : 3,011 13,292 36,608
2023 Average Home Value : $ 318,238 $ 338,609 $ 283,376
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Britton Rd Nichols Rd 2015 19,470 0.15 mi
N Pennsylvania Ave Sheffield Rd 2015 17,340 0.18 mi
W Britton Rd Oxford Way 2015 19,420 0.36 mi
North Pennsylvania Avenue 2019 15,600 0.50 mi
West Britton Road 2019 9,900 0.50 mi
West Britton Road 2019 19,420 0.53 mi
Greystone Ave W Britton Rd 2017 1,400 0.58 mi
Ridgeview Dr Ridgeview Cir 2017 1,700 0.58 mi
North Pennsylvania Avenue 2019 9,800 0.59 mi
N Pennsylvania Ave Lanesboro Dr 2015 17,200 0.59 mi

Listing Broker

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