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Views: 95 Updated: 11.05.24 Posted: 06.07.24 Status: Inactive

Summary

Price $5,964,900
Built/Renov 2023
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,842
Lease Start 11-09-2023
#Units 83,282
Price/SF $1,231.91
Expiration 11-30-2038
Tenant Type Convenience/Gas
NOI $298,245
R. Term 13.11
Ownership Fee Simple
Rent/SF $61.60
Increases 7.5%/5/yrs
Pop 5Mi 59,368
Lot/AC 5.00
Options 5/5yrs/7.5%
AHHI 5Mi $63,952

Lease Highlights

  • New high-quality 2023 construction
  • Tenant has 14+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 7.5% rental increases 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 on South F Street, with access to 11,800 vehicles passing by daily. The subject property features a 7-Eleven branded convenience store on a large 2.64-acre lot, with a Laredo Taco and 8 fueling stations. The immediate area is surrounded by well-known national tenants, including Walmart, PetSmart, Ross Dress for Less, Hobby Lobby, and more. The 5-mile trade...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,498 59,374 100,257
2023 Total Population : 10,529 59,620 100,214
2023 Employed Civilian Pop : 3,782 24,077 40,263
2023 Total Businesses : 345 2,462 3,204
2023 Average Household Income : $ 52,721 $ 66,241 $ 71,113
2023 Total Consumer Spending : $ 164 M $ 1246 M $ 2187 M
2023 Median Age : 34 34 35
2023 Total Households : 3,490 21,270 34,845
2023 Pop Age 25+: Bachelor's Degree : 423 5,393 9,067
2023 Average Home Value : $ 87,326 $ 129,310 $ 140,651
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
F St Hwy 77 N 2014 8,858 0.05 mi
Botts Park Dr Hwy 77 2002 87,000 0.10 mi
W Taft Ave 2021 10,026 0.21 mi
S F St 2022 9,082 0.21 mi
U.S. Highway 77 Rangerville Rd 2022 96,499 0.22 mi
South Expressway 83 Rangerville Rd 2022 8,877 0.23 mi
W Taft Ave S D St 2014 3,597 0.32 mi
South Rangerville Road Hwy 77 S 2022 7,812 0.40 mi
F St W Buchanan St 2014 9,347 0.46 mi
W Buchanan St S F St 2014 3,290 0.50 mi

Listing Broker

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