7-Eleven

NWC Dysart Road & Bell Road, Surprise, AZ 85379

$9,374,000

Cap Rate 5.00%

Views: 268 DOM: 206 Updated: 10.25.24 Posted: 09.10.24 Status: Active

Summary

Price $9,374,000	Built/Renov 2024	Tenant 7-Eleven
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,741	Lease Start 09-01-2024	#Units 83,282
Price/SF $1,977.22	Expiration 09-01-2039	Tenant Type Convenience/Gas
NOI $468,708	R. Term 14.5	Ownership Fee Simple
Rent/SF $98.86	Increases 10.0%/5/yrs	Pop 5Mi 233,931
Lot/AC 1.94	Options 6/5yrs/10%	AHHI 5Mi $96,661

Lease Highlights

Brand new 2024 construction
7-Eleven recently executed a brand new 15-year lease with 6 (5-year) options to extend
The lease features 10% rental increases every 5 years in the primary 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 Dysart Road and Bell Road, with access to a daily traffic count of 45,725 vehicles. The property is surrounded by prominent national tenants, including McDonald's, O'Reilly Auto Parts, Chili's, Sprouts, Starbucks, and more. Additionally, it is situated just over a mile from Surprise Stadium, home to the Kansas...

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Key Features

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

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Surprise, Arizona Zip Code 85379 Broker Site Page

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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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Listing Broker

Bob Moorhead

Secure Net Lease

Contact

85 Listings
14176 Views
37 Sold

Joe Caputo

Secure Net Lease

Contact

5 Listings
877 Views
1 Sold

Bob Moorhead

Bob Moorhead is a founding partner of Secure Net Lease and brings over 20 years of commercial real estate experience to the executive team. Prior to Secure Net Lease, Bob was the Managing Director of EXP Realty Advisors (formerly Kimco Exchange Place) Dallas, Texas office. While at EXP, Bob was a top producer and responsible for establishing the Dallas office, building the team and platform. Since 2011, Bob has been involved in over 600 transactions with a value exceeding $1.5 billion.

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Joe Caputo

Joe Caputo is a founding partner of Secure Net Lease and brings 20 years of brokerage experience to the executive team. Joe has completed sale transactions in 47 states with an aggregate value of over $2 billion. Joe began his career as a commercial agent in San Francisco’s South of Market district during the .com boom. Soon after, he began his net leased brokerage career in Marcus & Millichap’s San Francisco office. Joe has worked with several nationally recognized brokerage teams in Sa

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