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Views: 49 DOM: 73 Updated: 11.25.24 Posted: 10.10.24 Status: Active

Summary

Price $9,700,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,730
Lease Start 12-01-2024
#Units 83,282
Price/SF $2,050.74
Expiration 12-31-2039
Tenant Type Convenience/Gas
NOI $485,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $102.54
Increases 10.0%/5/yrs
Pop 5Mi 307,567
Lot/AC 1.28
Options 4/5yrs/10%
AHHI 5Mi $96,953

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 4 (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 NW 138th St and NW 102nd Ave, with access to a combined daily traffic count of 25,000 vehicles. The property is adjacent to the first phase of the newly constructed Emerald Bay Apartments, featuring over 300 units, with an additional 300 units planned for the second phase. It is also situated across from the Aztec...

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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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