7-Eleven

401 Grass Valley Highway, Auburn, CA 95603

$3,540,000

Cap Rate 5.65%

Views: 62 DOM: 130 Updated: 12.16.24 Posted: 08.22.24 Status: Active 12.16.24

Summary

Price $3,540,000	Built/Renov 1962	Tenant 7-Eleven
Cap Rate 5.65%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 978	Lease Start 05-11-2021	#Units 83,282
Price/SF $3,619.63	Expiration 05-10-2036	Tenant Type Convenience/Gas
NOI $200,000	R. Term 11.4	Ownership Fee Simple
Rent/SF $204.50	Increases 7.5%/2/yrs	Pop 5Mi 42,754
Lot/AC 0.23	Options 3/5yrs/7.5%	AHHI 5Mi $113,826

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 increases 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 Grass Valley Highway and Fulweiler Avenue, with access to a combined daily traffic count of 30,500 vehicles. The property features a Sierra Express/7-Eleven Convenience Store and four fueling stations. It is conveniently situated just off the I-80 Freeway, which sees 71,000 VPD, offering direct access to...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Auburn, California Zip Code 95603 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

191 Listings
26633 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26735 Views
119 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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