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Views: 82 DOM: 255 Updated: 07.01.24 Posted: 10.31.23 Status: Active

Summary

Price $1,545,000
Built/Renov 1970
Tenant 7-Eleven
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,986
Lease Start 05-12-2021
#Units 83,282
Price/SF $517.41
Expiration 05-01-2036
Tenant Type Convenience/Gas
NOI $84,996
R. Term 11.9
Ownership Fee Simple
Rent/SF $28.46
Increases 7.5%/2/yrs
Pop 5Mi 4,359
Lot/AC 0.86
Options 3/5yrs/7.5%
AHHI 5Mi $132,234

Lease Highlights

  • 7-Eleven has 12+ years of firm term remaining with 3 (5-year) option periods to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term and options
  • The lease is NNN with landlord responsible for taxes | Subject to tenant reimbursement
  • Corporate guaranteed | Investment grade tenant (S&P: A)

Location Description

7-Eleven is strategically located along Highway 12 with clear visibility and access to an average of 5,400 vehicles passing by daily. Highway 12 is a major commuter route that connects the southern Sacramento MSA and connects to Interstate 5, which provides direct access to downtown Sacramento. The offering features a freestanding 7-Eleven asset with 8 fueling stations. The tenants in the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 305 898 4,379
2023 Total Population : 312 914 4,359
2023 Employed Civilian Pop : 115 356 1,941
2023 Total Businesses : 5 11 73
2023 Average Household Income : $ 121,076 $ 148,931 $ 132,234
2023 Total Consumer Spending : $ 12 M $ 45 M $ 190 M
2023 Median Age : 50 50 48
2023 Total Households : 122 364 1,702
2023 Pop Age 25+: Bachelor's Degree : 17 77 429
2023 Average Home Value : $ 536,012 $ 601,465 $ 537,029
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
CA 12 Bollea Rd 2021 5,200 0.17 mi
State Rte 12 Camanche Pkwy S 2015 5,400 0.32 mi
CA 12 Cord Rd 2021 5,400 0.77 mi
Camanche Pkwy S E Bay Mud Rd 2012 634 2.40 mi

Listing Broker

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