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Views: 107 DOM: 165 Updated: 09.16.24 Posted: 07.10.24 Status: Active

Summary

Price $8,237,000
Built/Renov 2023
Tenant 7-Eleven (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,000
Lease Start 01-01-2023
#Units 83,282
Price/SF $2,745.67
Expiration 02-01-2038
Tenant Type Convenience/Gas
NOI $391,274
R. Term 13.1
Ownership Ground Lease
Rent/SF $130.42
Increases 10.0%/5/yrs
Pop 5Mi 311,084
Lot/AC 1.28
Options 3/5yrs/10%
AHHI 5Mi $101,203

Lease Highlights

  • New 2023 construction
  • 7-Eleven has 13+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations 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 at the signalized, hard corner intersection of Cosumnes River Blvd and Delta Shores Circle North, with access to a combined daily traffic count of 11,300 vehicles. The property features amenities such as a car wash, a Chevron fuel canopy with 10 pumps, two EV charging stations, and seventeen onsite parking spaces. It is part of a rapidly developing commercial...

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Maps

  • 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
2029 Total Population : 7,803 100,360 315,163
2024 Total Population : 7,836 98,963 312,353
2024 Employed Civilian Pop : 2,843 42,340 138,329
2024 Total Businesses : 148 2,111 6,784
2024 Average Household Income : $ 93,241 $ 106,667 $ 106,125
2024 Total Consumer Spending : $ 166 M $ 2923 M $ 9502 M
2024 Median Age : 32 36 37
2024 Total Households : 2,037 31,344 102,657
2024 Pop Age 25+: Bachelor's Degree : 611 11,292 39,839
2024 Average Home Value : $ 545,312 $ 534,018 $ 556,098
*ESRI data is presented for informational purposes only

Listing Broker

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