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Views: 85 DOM: 46 Updated: 10.02.24 Posted: 09.27.24 Status: Active

Summary

Price $2,060,000
Built/Renov 1986
Tenant 7-Eleven (GL)
Cap Rate 5.24%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 480
Lease Start 08-14-1984
#Units 83,282
Price/SF $4,291.67
Expiration 09-22-2041
Tenant Type Convenience/Gas
NOI $108,000
R. Term 16.10
Ownership Ground Lease
Rent/SF $225.00
Increases 10.0%/5/yrs
Pop 5Mi 74,919
Lot/AC 0.43
Options 3/5yrs/10%
AHHI 5Mi $173,749

Lease Highlights

  • 30+ year operating history
  • The tenant has 16+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% 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 on Copeland Drive, with access to 9,800 vehicles passing by daily. The property is less than 3 miles east of I-95 (102,600 VPD) and I-495 (92,500 VPD), providing easy access via on/off ramps. The immediate area features prominent national retailers such as Chipotle, The Home Depot, and Wendy’s, with Mansfield Crossing shopping center just north of the site....

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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 : 7,359 32,011 75,755
2023 Total Population : 7,314 31,932 75,476
2023 Employed Civilian Pop : 4,136 17,502 39,925
2023 Total Businesses : 566 1,280 2,673
2023 Average Household Income : $ 126,792 $ 153,126 $ 160,173
2023 Total Consumer Spending : $ 346 M $ 1634 M $ 3827 M
2023 Median Age : 40 41 42
2023 Total Households : 3,209 12,698 28,472
2023 Pop Age 25+: Bachelor's Degree : 1,256 7,104 17,238
2023 Average Home Value : $ 521,412 $ 587,023 $ 601,008
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Copeland Dr Wood Ave 2019 9,376 0.08 mi
COPELAND DRIVE Chauncy St 2021 9,247 0.12 mi
COPELAND DRIVE Paine Rd 2021 8,415 0.18 mi
MA 106 Giles Pl 2021 16,550 0.19 mi
MA 106 Highland Ave 2021 19,319 0.21 mi
Central St Paine Rd 2008 2,500 0.22 mi
MA 140 West St 2021 19,730 0.22 mi
ROUTE 140 West St 2020 17,522 0.22 mi
State Rte 140 Chauncy St 2005 15,200 0.25 mi
Chauncy St Winthrop Ave 2010 18,600 0.32 mi

Listing Broker

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