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Views: 39 DOM: 84 Updated: 11.07.24 Posted: 08.22.24 Status: Contract 10.15.24

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 11.6
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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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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