7-Eleven

307 East Sierra Avenue, Portola, CA 96122

$2,655,000

Cap Rate 5.65%

Views: 26 DOM: 27 Updated: 09.11.24 Posted: 08.23.24 Status: Active

Summary

Price $2,655,000	Built/Renov 2000	Tenant 7-Eleven
Cap Rate 5.65%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,994	Lease Start 05-06-2021	#Units 83,282
Price/SF $886.77	Expiration 05-05-2036	Tenant Type Convenience/Gas
NOI $150,000	R. Term 11.7	Ownership Fee Simple
Rent/SF $50.10	Increases 7.5%/2/yrs	Pop 5Mi 4,021
Lot/AC 1.31	Options 3/5yrs/7.5%	AHHI 5Mi $78,348

Lease Highlights

7-Eleven has 11+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located on East Sierra Avenue, with access to 6,500 vehicles passing by daily. The property is surrounded by well-known national tenants, including Dollar General, Ace Hardware, and more. Additionally, it is situated minutes from Portola High School and Eastern Plumas Health Care, and offers easy accessibility along Sierra Avenue/Highway 70, a primary thoroughfare and...

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Key Features

Build to suit
Strategically located
Highway location
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Portola, California Zip Code 96122 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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Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

180 Listings
18049 Views
100 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

181 Listings
18142 Views
101 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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