7-Eleven

639 U.S. 9, Freehold, NJ 07728

$4,900,000

Cap Rate 5.10%

Views: 26 DOM: 25 Updated: 05.28.24 Posted: 05.09.24 Status: Contract

Summary

Price $4,900,000	Built/Renov 1990	Tenant 7-Eleven
Cap Rate 5.10%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,010	Lease Start 02-04-2024	#Units 83,282
Price/SF $1,627.91	Expiration 02-28-2039	Tenant Type Convenience/Gas
NOI $250,000	R. Term 14.9	Ownership Fee Simple
Rent/SF $83.06	Increases 10.0%/5/yrs	Pop 5Mi 85,200
Lot/AC 1.40	Options 3/5yrs/10%	AHHI 5Mi $152,358

Alan Cafiero

Marcus & Millichap

Contact

Lease Highlights

7-Eleven recently executed a brand new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of US-9 and Strickland Road, with access to a high combined daily traffic count of 47,670 vehicles. The property offers multiple means of ingress/egress on Route 9 as well as Wyckoff Mills Road. It is approximately 2.8 miles from Route 33 and 3.2 miles from I-195. The immediate area boasts well-known national tenants,...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Traded and rated company

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Freehold, New Jersey Zip Code 07728 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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Listing Broker

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