7-Eleven (GL)

9500 Ruby Lockhart Blvd, Glenarden, MD 20706

$7,058,824

Cap Rate 4.25%

Views: 84 Updated: 11.28.23 Posted: 09.16.23 Status: Inactive

Summary

Price $7,058,824	Built/Renov 2023	Tenant 7-Eleven (GL)
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,000	Lease Start 02-11-2023	#Units 83,282
Price/SF $1,764.71	Expiration 02-28-2038	Tenant Type Convenience/Gas
NOI $300,000	R. Term 13.5	Ownership Ground Lease
Rent/SF $75.00	Increases 10.0%/5/yrs	Pop 5Mi 295,448
Lot/AC 1.86	Options 5/5yrs/10%	AHHI 5Mi $116,722

Lease Highlights

Brand new 2023 construction
7-Eleven recently signed a brand-new 15-year lease with 5 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Seven and I Holdings (OTCMKTS: SVNDY)

Location Description

This 4,000 SF 7-Eleven is positioned on 1.86 acres, immediately off I-495, which averages 230,000 vehicles per day. Additionally, the site benefits from daily traffic counts in excess of 73,000 at Landover and Ruby Lockhart intersection. 7-Eleven is located at the entrance to Woodmore Towne Centre, a 45-acre mixed-use regional lifestyle development, anchored by Wegman’s and Costco. The...

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Key Features

New construction
Hard corner intersection
High traffic 50M+ VPD
Freeway close
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 Glenarden, Maryland Zip Code 20706 Broker Site Page

Maps

Local Information

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	12,863	106,130	300,900
2023 Total Population :	10,535	103,923	295,448
2023 Employed Civilian Pop :	6,024	54,885	150,869
2023 Total Businesses :	989	3,999	8,132
2023 Average Household Income :	$ 166,699	$ 118,742	$ 116,722
2023 Total Consumer Spending :	$ 505 M	$ 3854 M	$ 10179 M
2023 Median Age :	42	38	38
2023 Total Households :	3,622	37,932	101,793
2023 Pop Age 25+: Bachelor's Degree :	2,108	15,854	40,374
2023 Average Home Value :	$ 523,479	$ 432,836	$ 428,604

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Saint Josephs Dr	Landover Rd	2011	13,811	0.19 mi
Landover Rd	McCormick Dr	2012	56,032	0.25 mi
Landover Rd	McCormick Dr	2018	65,492	0.33 mi
Lottsford Rd	Palmetto Dr	2012	20,431	0.36 mi
McCormick Dr	Basil Ct	2012	8,370	0.36 mi
Ramp 2 Fr Md 202 Wb To Is 95 Nb	I- 95	2020	11,712	0.38 mi
Lottsford Road	Lottsford Rd	2018	23,571	0.39 mi
Landover Road		2017	66,081	0.39 mi
Ramp 4 Fr Is 95 Nb To Md 202 Eb	I- 95	2020	2,422	0.40 mi
Ramp 9 Fr Md 202 Sb To Ramp 2 (to Is 95)	I- 95	2020	2,385	0.41 mi

Listing Broker

Jordan Shtulman

STREAM Capital Partners

Contact

83 Listings
7607 Views
33 Sold

Connor Shell

STREAM Capital Partners

Contact

55 Listings
5773 Views
11 Sold

Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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Connor Shell

Connor Shell joined STREAM Capital Partners in 2017 as Managing Director expanding our footprint further into Southern California and bringing 8 years of expertise to this area with a long-standing development and investment history. While at STREAM Capital Partners, Connor has grown his transaction footprint, closing deals with major retail developers and private owners throughout the United States. He has developed and strengthened his relationships with private owners, family offices, inst

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