7-Eleven (GL)

70 Copeland Drive, Mansfield, MA 02048

$2,060,000

Cap Rate 5.24%

Views: 104 DOM: 85 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 16.9	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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Key Features

In location for years
Near major nationals
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long operation history
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Mansfield, Massachusetts Zip Code 02048 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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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

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
30264 Views
93 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
23402 Views
49 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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