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Views: 102 DOM: 191 Updated: 10.25.24 Posted: 05.14.24 Status: Active

Summary

Price $5,872,233
Built/Renov 2022
Tenant 7-Eleven
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 09-01-2022
#Units 83,282
Price/SF $1,262.85
Expiration 09-01-2037
Tenant Type Convenience/Gas
NOI $302,420
R. Term 12.9
Ownership Fee Simple
Rent/SF $65.04
Increases 10.0%/5/yrs
Pop 5Mi 54,843
Lot/AC 1.61
Options 4/5yrs/10%
AHHI 5Mi $71,933

Lease Highlights

  • New 2022 construction
  • 7-Eleven has 12+ 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 option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of Benvenue Road and Tiffany Blvd., with access to a combined daily traffic count of 31,300 vehicles. Situated just off U.S. Hwy 301 with a traffic count of 36,000 VPD, the property provides easy accessibility. Additionally, it boasts a prime location directly across from the Golden East Cross Shopping Mall,...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,917 26,066 54,049
2024 Total Population : 3,004 26,485 54,869
2024 Employed Civilian Pop : 1,552 11,492 22,165
2024 Total Businesses : 407 1,857 2,511
2024 Average Household Income : $ 69,896 $ 68,216 $ 71,105
2024 Total Consumer Spending : $ 90 M $ 714 M $ 1495 M
2024 Median Age : 40 42 42
2024 Total Households : 1,460 11,746 23,575
2024 Pop Age 25+: Bachelor's Degree : 414 3,340 6,861
2024 Average Home Value : $ 211,686 $ 184,778 $ 195,176
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Benvenue Road Tiffany Blvd 2022 23,291 0.04 mi
Benvenue Road Tiffany Sq 2022 19,908 0.08 mi
Benvenue Road Cobb Corners Dr 2022 24,054 0.17 mi
Wesleyan Blvd 2022 174 0.22 mi
Wesleyan Blvd 2022 663 0.23 mi
Wesleyan Blvd 2022 2,518 0.25 mi
Tiffany Boulevard N Wesleyan Blvd 2022 4,192 0.31 mi
Wesleyan Blvd 2022 815 0.31 mi
N Wesleyan Blvd 2022 2,047 0.31 mi
Jeffreys Road Jeffreys Ct 2022 6,306 0.32 mi

Listing Broker

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