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Views: 144 DOM: 494 Updated: 08.06.24 Posted: 08.15.23 Status: Active

Summary

Price $5,040,000
Built/Renov 2023
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,062
Lease Start 10-01-2023
#Units 83,282
Price/SF $1,645.98
Expiration 09-30-2038
Tenant Type Convenience/Gas
NOI $252,000
R. Term 13.9
Ownership Fee Simple
Rent/SF $82.30
Increases 7.5%/5/yrs
Pop 5Mi 343,222
Lot/AC 1.00
Options 4/5yrs/7.5%
AHHI 5Mi $85,324

Lease Highlights

  • Newly constructed building will feature a state-of-the-art design and high-quality materials
  • The tenant recently signed a brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years during the initial term and at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • 7-Eleven is an investment grade tenant (S&P: A)

Location Description

This newly constructed 7-Eleven is located near the signalized, hard corner intersection of E. Ann Road and N. 5th St. with a combined (42,900 VPD). The site benefits from nearby direct on/off ramp access to Interstate 15, a major thoroughfare averaging over 148,000 vehicles per day. Furthermore, the subject property is ideally situated in a dense industrial and retail corridor, with numerous...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven and I Holdings
  • # 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 12,500...


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Listing Broker

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