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Views: 84 DOM: 72 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 14.9
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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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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Listing Broker

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