7-Eleven

1850 Klockner Road, Hamilton Township, Mercerville, NJ 08619

$4,272,000

Cap Rate 5.15%

Views: 104 Updated: 11.21.24 Posted: 03.20.24 Status: Inactive 11.21.24

Summary

Price $4,272,000	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.15%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,200	Lease Start 06-01-2023	#Units 83,282
Price/SF $1,335.00	Expiration 06-01-2038	Tenant Type Convenience/Gas
NOI $220,000	R. Term 13.6	Ownership Fee Simple
Rent/SF $68.75	Increases 8.0%/4/yrs	Pop 5Mi 232,368
Lot/AC 1.20	Options 3/5yrs/8%	AHHI 5Mi $106,987

Patrick Nutt

SRS National Net Lease Group

Contact

Lease Highlights

7-Eleven has 13+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 8% 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 Klockner Road and White Horse Avenue, with access to a combined daily traffic count of 37,000 vehicles. Its prime location, just 1 mile off I-295 (73,500 VPD), enhances visibility and accessibility for customers. Moreover, the property is equipped with 6 fuel pumps and 12 fueling stations. The immediate trade area...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Hamilton Twp, New Jersey Zip Code 08619 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 :	11,450	101,011	231,679
2023 Total Population :	11,675	102,480	232,368
2023 Employed Civilian Pop :	6,367	53,198	112,813
2023 Total Businesses :	489	3,137	7,795
2023 Average Household Income :	$ 97,396	$ 110,757	$ 106,987
2023 Total Consumer Spending :	$ 427 M	$ 3634 M	$ 7714 M
2023 Median Age :	50	42	39
2023 Total Households :	5,140	38,518	84,029
2023 Pop Age 25+: Bachelor's Degree :	2,633	17,142	33,763
2023 Average Home Value :	$ 306,627	$ 324,278	$ 337,212

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Klockner Road	White Horse Ave	2017	6,706	0.03 mi
Mercerville-Whitehorse Rd	Estates Blvd	2013	13,740	0.11 mi
Klockner Rd	Mercerville-Whitehorse Rd	2009	12,111	0.16 mi
Mercerville-Whitehorse Rd	Klockner Rd	2009	19,574	0.19 mi
Estates Boulevard	Klockner Rd	2018	3,058	0.28 mi
Mercerville - Whitehorse Road	Estates Blvd	2019	13,121	0.36 mi
Klockner Rd	Estates Blvd	2009	11,619	0.39 mi
Klockner Rd	Whatley Rd	2009	12,843	0.44 mi
Estates Blvd	Trenton Ave	2009	2,373	0.45 mi
State Route 33	Shady Ln	2013	20,660	0.53 mi

Listing Broker

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