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Views: 0 DOM: 104 Updated: 12.07.23 Posted: 08.29.23 Status: Contract 12.05.23

Summary

Price $5,569,000
Built/Renov 2023
Tenant Stripes by 7-Eleven
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 12-01-2023
#Units 83,282
Price/SF $1,197.63
Expiration 11-30-2038
Tenant Type Convenience/Gas
NOI $286,803
R. Term 14.11
Ownership Fee Simple
Rent/SF $61.68
Increases 7.5%/5/yrs
Pop 5Mi 212,710
Lot/AC 1.79
Options 5/5yrs/7.5%
AHHI 5Mi $62,053

Lease Highlights

  • Brand new 2023 construction
  • 7-Eleven recently executed a new 15-year lease with 5 (5-year) options to extend
  • Lease features 7.5% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Property qualifies for 80 percent year one bonus depreciation or 15-year accelerated depreciation per IRS 1250 Property Designation
  • Corporate Guaranteed lease

Location Description

This newly constructed 7-Eleven is strategically located at the signalized, hard corner intersection of South McColl Road and Eyuma Ave with a combined traffic count of 32,863 vehicles passing by daily. The site features a Stripes convenience store that includes Laredo Taco. Additionally, there are 8 fueling stations and 4 pumps. The location offers convenience and accessibility, being only 2...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Stripes by 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 12,500...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,087 71,477 212,740
2023 Total Population : 9,068 70,583 208,852
2023 Employed Civilian Pop : 4,439 28,265 84,614
2023 Total Businesses : 501 4,276 8,994
2023 Average Household Income : $ 87,569 $ 59,802 $ 67,867
2023 Total Consumer Spending : $ 245 M $ 1282 M $ 4126 M
2023 Median Age : 38 35 32
2023 Total Households : 3,267 24,168 68,714
2023 Pop Age 25+: Bachelor's Degree : 1,996 8,197 24,234
2023 Average Home Value : $ 295,640 $ 159,502 $ 165,100
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South McColl Road E Ridge Rd 2020 16,844 0.41 mi
South McColl Road E el Rancho Rd 2021 17,278 0.41 mi
East Ridge Road S D St 2020 18,561 0.48 mi
East Ridge Road S McColl Rd 2021 17,438 0.48 mi
E el Rancho Rd S McColl Rd 2014 8,852 0.54 mi
South Jackson Road 2019 25,491 0.57 mi
S Jackson Rd Gran Via St 2014 25,694 0.57 mi
S 2nd St Savannah Ave 2014 16,037 0.60 mi
E Savannah Ave Savannah Ave 2014 10,750 0.60 mi
W Moore Rd S Jackson Rd 2014 4,338 0.63 mi

Listing Broker

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