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Views: 101 DOM: 239 Updated: 11.07.24 Posted: 04.27.24 Status: Active

Summary

Price $4,442,000
Built/Renov 2021
Tenant 7-Eleven
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,959
Lease Start 04-01-2022
#Units 83,282
Price/SF $1,501.18
Expiration 03-31-2037
Tenant Type Convenience/Gas
NOI $199,900
R. Term 12.3
Ownership Fee Simple
Rent/SF $67.56
Increases 10.0%/3/yrs
Pop 5Mi 167,458
Lot/AC 0.51
Options 3/5yrs/10%
AHHI 5Mi $60,403

Lease Highlights

  • 7-Eleven has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years 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 Blackstone Avenue and Bremer Avenue, with access to a combined daily traffic count of 25,000 vehicles. The property is conveniently adjacent to CA State Route 180, experiencing a traffic count of 123,000 VPD. The immediate vicinity is surrounded by well-known national tenants such as Rite Aid, McDonald's, Carl's...

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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 : 20,423 168,081 356,650
2023 Total Population : 20,392 168,151 356,137
2023 Employed Civilian Pop : 7,497 61,726 136,338
2023 Total Businesses : 1,530 5,993 13,123
2023 Average Household Income : $ 54,158 $ 60,482 $ 66,974
2023 Total Consumer Spending : $ 348 M $ 2741 M $ 6571 M
2023 Median Age : 30 30 30
2023 Total Households : 7,292 51,663 112,006
2023 Pop Age 25+: Bachelor's Degree : 1,389 9,330 23,699
2023 Average Home Value : $ 299,368 $ 285,185 $ 320,436
*ESRI data is presented for informational purposes only

Listing Broker

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