loader
Join Free
Views: 137 DOM: 400 Updated: 09.12.24 Posted: 10.30.23 Status: Active

Summary

Price $5,000,000
Built/Renov 1968
Tenant 7-Eleven
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,148
Lease Start 05-13-2021
#Units 83,282
Price/SF $2,327.75
Expiration 05-13-2036
Tenant Type Convenience/Gas
NOI $275,004
R. Term 11.5
Ownership Fee Simple
Rent/SF $128.03
Increases 7.5%/4/yrs
Pop 5Mi 11,748
Lot/AC 0.55
Options 3/5yrs/7.5%
AHHI 5Mi $114,353

Lease Highlights

  • 7-Eleven has 12+ years of firm term remaining with 3 (5-year) option periods to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term and options
  • The lease is NNN with landlord responsible for taxes | Subject to tenant reimbursement
  • Corporate guaranteed | Investment grade tenant (S&P: A)

Location Description

7-Eleven is strategically located along Auburn Street with clear visibility and access to an average of 11,700 vehicles passing by daily. The property also benefits from direct access to State Highway 174 (15,500 VPD) and Interstate 80 (37,600 VPD), making this a centralized location with easy commutes. The offering features a freestanding 7-Eleven asset with 8 fueling stations. The tenants in...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,087 5,802 11,752
2023 Total Population : 2,085 5,793 11,748
2023 Employed Civilian Pop : 1,054 2,759 5,428
2023 Total Businesses : 147 193 295
2023 Average Household Income : $ 109,294 $ 107,801 $ 114,353
2023 Total Consumer Spending : $ 81 M $ 223 M $ 467 M
2023 Median Age : 50 51 52
2023 Total Households : 872 2,419 4,764
2023 Pop Age 25+: Bachelor's Degree : 288 763 1,874
2023 Average Home Value : $ 592,216 $ 621,381 $ 657,636
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Rte 174 I- 80 2017 15,500 0.03 mi
Colfax Overcrossing I- 80 2021 29,750 0.05 mi
Colfax Highway Central St 2021 11,700 0.09 mi
174 2018 6,400 0.09 mi
State Rte 174 N Star Ave 2017 6,100 0.10 mi
State Rte 174 Narrow Gage Rd 2017 6,100 0.60 mi
Tokayana Way Old Tokayana 2006 784 0.62 mi
South Main Street State Rte 174 2021 6,900 0.64 mi
174 2018 6,400 0.65 mi
Ben Taylor Rd Tokayana Way 2005 1,734 0.67 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity