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DOM: 4 Updated: 05.23.23 Posted: 12.16.22 Status: Sold 12.20.22

Summary

Price $4,000,000 $4,200,000
Built/Renov 2022
Tenant 7-Eleven
Cap Rate 5.25% 5.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 3,060
Lease Start 10-20-2022
#Units 83,282
Price/SF $1,307.19 $1,372.55
Expiration 10-31-2037
Tenant Type Convenience/Gas
NOI $210,000
R. Term 12.6
Ownership Fee Simple
Rent/SF $68.63
Increases 10.0%/5/yrs
Pop 5Mi 174,130
Lot/AC 0.79
Options 4/5yrs/10%
AHHI 5Mi $65,884

Lease Highlights

  • 2022 brand-new construction
  • 7-Eleven recently signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental escalation every 5 years in the primary term & option periods
  • Corporate guaranteed by 7-Eleven, Inc. (S&P: A)

 

Location Description

This 7-Eleven is located within a brand-new, mixed-use shopping center directly in front of 120 townhomes and adjacent to McDonald's, Starbucks, and Quick Quack Car Wash. The property features a 7-Eleven branded convenience store with 5-pumps and 10 fueling stations. The site is shadow anchored by Food 4 Less Shopping Center including retailers such as Dollar Tree, Advance Auto Parts, Wing...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven and I Holdings
  • # 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
2027 Total Population : 17,350 79,637 175,255
2022 Total Population : 17,159 78,494 172,448
2022 Employed Civilian Pop : 6,265 27,386 60,762
2022 Total Businesses : 177 2,013 5,161
2022 Average Household Income : $ 81,470 $ 69,571 $ 71,654
2022 Total Consumer Spending : $ 310 M $ 1188 M $ 3069 M
2022 Median Age : 30 30 31
2022 Total Households : 4,426 19,716 49,355
2022 Pop Age 25+: Bachelor's Degree : 1,380 4,265 10,061
2022 Average Home Value : $ 363,296 $ 329,900 $ 354,052
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Carolyn Weston Blvd Queensland Cir 2014 21,300 0.12 mi
Manthey Rd Carolyn Weston Blvd 2014 7,400 0.14 mi
Carolyn Weston Blvd Downing Ave 2012 16,700 0.14 mi
McDougald Blvd Ishi Goto St 2014 4,200 0.24 mi
Manthey Rd Carolyn Weston Blvd 2014 4,300 0.26 mi
French Camp Tpke Downing Ave 2012 2,100 0.37 mi
William Moss Blvd Ramalho Ln 2014 6,300 0.41 mi
William Moss Blvd Klemeyer Cir 2014 3,500 0.49 mi
Ews Woods Blvd Ishi Goto St 2014 5,100 0.55 mi
French Camp Tpke Buena Vida Ct 2014 2,500 0.57 mi

Listing Broker

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