7-Eleven

8105 South Rainbow Boulevard, Las Vegas, NV 89113

$5,500,000

Cap Rate 4.55%

Views: 172 DOM: 339 Updated: 10.25.24 Posted: 01.17.24 Status: Active

Summary

Price $5,500,000	Built/Renov 2024	Tenant 7-Eleven
Cap Rate 4.55%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 3,062	Lease Start 06-15-2024	#Units 83,282
Price/SF $1,796.21	Expiration 06-30-2039	Tenant Type Convenience/Gas
NOI $250,000	R. Term 14.6	Ownership Fee Simple
Rent/SF $81.65	Increases 10.0%/5/yrs	Pop 5Mi 324,013
Lot/AC 0.92	Options 4/5yrs/10%	AHHI 5Mi $109,981

Eric Carlton

Colliers NNN Group

Contact

Lease Highlights

Brand-new 2024 construction
7-Eleven recently signed a brand-new 15-year lease with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of S Rainbow Boulevard and W Windmill Lane, benefiting from a combined daily traffic count of 44,300 vehicles. The site features a 7-Eleven branded convenience store with 12 fuel pumps. The property is surrounded by well-known national tenants, including Walmart Supercenter, Sprouts Farmers Market, Albertsons,...

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Key Features

New construction
Roof guarantee
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Las Vegas, Nevada Zip Code 89113 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	29,410	140,110	338,126
2023 Total Population :	27,709	131,682	320,960
2023 Employed Civilian Pop :	14,414	69,737	168,655
2023 Total Businesses :	358	3,061	9,857
2023 Average Household Income :	$ 123,428	$ 117,617	$ 110,302
2023 Total Consumer Spending :	$ 989 M	$ 4695 M	$ 11465 M
2023 Median Age :	36	35	36
2023 Total Households :	9,293	46,269	120,086
2023 Pop Age 25+: Bachelor's Degree :	4,386	25,275	56,060
2023 Average Home Value :	$ 530,310	$ 496,311	$ 472,730

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Rainbow Boulevard	W Shelbourne Ave	2022	30,500	0.15 mi
West Windmill Lane	S Wild Rose Falls St	2022	9,950	0.16 mi
West Wigwam Avenue		2017	3,300	0.44 mi
West Wigwam Avenue	Redwood St	2022	3,500	0.48 mi
West Wigwam Avenue	S Belcastro St	2022	2,400	0.53 mi
S Rainbow Blvd	W Wigwam Ave	2016	25,000	0.53 mi
West Robindale Road	Spindrift Cove St	2022	7,300	0.60 mi
South Tenaya Way	W Wigwam Ave	2022	470	0.70 mi
S Rainbow Blvd	W Eldorado Ln	2008	26,000	0.87 mi
W Torino Ave	S Torrey Pines Dr	2002	170	0.90 mi

Listing Broker

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