loader
Join Free
Views: 159 DOM: 395 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 11.8
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...

...

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...


...

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

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