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Views: 137 DOM: 338 Updated: 08.06.24 Posted: 10.17.23 Status: Active 04.18.24

Summary

Price $3,644,000
Built/Renov 2010/2022
Tenant 7-Eleven
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 5,400
Lease Start 08-01-2021
#Units 5
Price/SF $674.81
Expiration 08-01-2036
Tenant Type Convenience/Gas
NOI $231,389
R. Term 11.10
Ownership Fee Simple
Rent/SF $42.85
Increases 7.5%/3/yrs
Pop 5Mi 19,996
Lot/AC 0.81
Options 3/5yrs/4%
AHHI 5Mi $72,169

Lease Highlights

  • Recently renovated 2022
  • 7-Eleven has 12+ years remaining on its current term with 3 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term, and 4% increases during extension terms
  • Landlord’s insurance and real estate taxes are reimbursed by tenant
  • Personal guarantee from a multi-unit franchisee operator
  • 7-Eleven is an investment grade tenant (S&P: A)

Location Description

7-Eleven is situated near the signalized, hard corner intersection of Jefferson Avenue and State Highway 49, which averages a combined daily traffic count of 36,000 vehicles. Additionally, the property benefits from easy access to U.S. Highway 271 (18,300 VPD), making it a central location with convenient commuting options. Within walking distance of the property is Commerce Square, an 84,000...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:5
  • 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 : 5,093 14,661 19,995
2023 Total Population : 5,173 14,775 20,128
2023 Employed Civilian Pop : 2,464 6,608 8,765
2023 Total Businesses : 376 890 985
2023 Average Household Income : $ 60,505 $ 64,016 $ 68,656
2023 Total Consumer Spending : $ 94 M $ 282 M $ 412 M
2023 Median Age : 33 31 33
2023 Total Households : 1,772 4,985 6,821
2023 Pop Age 25+: Bachelor's Degree : 522 1,055 1,689
2023 Average Home Value : $ 139,558 $ 142,933 $ 160,359
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Jefferson Avenue Stella St 2021 25,161 0.27 mi
South Jefferson Avenue Morgan St 2020 19,724 0.27 mi
South Jefferson Avenue White St 2020 20,769 0.35 mi
South Jefferson Avenue White St 2019 21,751 0.35 mi
East Ferguson Road Alexander Rd 2021 10,648 0.45 mi
East Ferguson Road S Jefferson Ave 2020 11,786 0.45 mi
West Ferguson Road S Madison St 2021 14,261 0.59 mi
South Madison Avenue Ferguson Rd 2019 16,414 0.61 mi
S Jefferson Ave W Arizona St 2002 20,000 0.69 mi
South O'Tyson Avenue Rhambeau St 2021 6,981 0.72 mi

Listing Broker

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