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Views: 192 DOM: 285 Updated: 10.25.24 Posted: 03.20.24 Status: Active 10.25.24

Summary

Price $7,312,000
Built/Renov 2023
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 12-01-2023
#Units 83,282
Price/SF $1,572.47
Expiration 12-01-2038
Tenant Type Convenience/Gas
NOI $365,578
R. Term 13.11
Ownership Fee Simple
Rent/SF $78.62
Increases 10.0%/4/yrs
Pop 5Mi 141,868
Lot/AC 1.63
Options 4/5yrs/10%
AHHI 5Mi $64,143

Lease Highlights

  • New 2023 construction
  • 7-Eleven has 14 years remaining on the current lease term with 4 (5-year) options to extend
  • 7.5% rental increases every 5 years throughout the primary 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 Lomas Del Sur Blvd. and S Ejido Avenue, with access to a combined daily traffic count of 25,000 vehicles. Lomas Del Sur Blvd. serves as the main thoroughfare between US-83 (36,140 VPD) and Cuatro Vientos Rd (35,661 VPD). Moreover, the immediate vicinity is surrounded by well-known national tenants, including Ace...

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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
2028 Total Population : 19,283 86,430 143,859
2023 Total Population : 19,015 84,175 141,525
2023 Employed Civilian Pop : 7,013 32,770 54,428
2023 Total Businesses : 128 819 2,851
2023 Average Household Income : $ 60,135 $ 65,251 $ 60,786
2023 Total Consumer Spending : $ 257 M $ 1290 M $ 2172 M
2023 Median Age : 26 27 28
2023 Total Households : 4,895 22,515 40,427
2023 Pop Age 25+: Bachelor's Degree : 937 3,913 7,099
2023 Average Home Value : $ 168,043 $ 170,188 $ 167,124
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Ejido Avenue Armando Pena Dr 2022 13,269 0.03 mi
Wormser Rd 2021 42 0.54 mi
Wormser Rd 2022 42 0.54 mi
Wormser Road Cuatro Vientos Dr 2020 83 0.64 mi
Cuatro Vientos Road Wormser Rd 2022 36,361 0.72 mi
Wormser Road Hereford 2020 353 0.81 mi
Corrada Ave 2021 10,377 0.84 mi
Corrada Ave 2022 10,792 0.84 mi
Lomas Del Sur Boulevard S Zapata Hwy 2022 10,819 0.93 mi
South Zapata Highway Southgate Blvd 2022 38,818 0.96 mi

Listing Broker

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