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| Price $5,288,000 $5,500,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.20% 5.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
4,088
| Lease Start
12-01-2023
| #Units
83,282
|
| Price/SF $1,293.54 $1,345.40 | Expiration
12-01-2038
| Tenant Type Convenience/Gas |
| NOI $275,000 | R. Term 13.6 | Ownership Fee Simple |
| Rent/SF
$67.27
| Increases 10.0%/5/yrs | Pop 5Mi 116,640 |
| Lot/AC 1.15 | Options 3/5yrs/10% | AHHI 5Mi $83,915 |
| | |
7-Eleven is strategically located at the signalized intersection of West Olive Ave and Highway 59, with a combined daily traffic count of 38,000 vehicles. Positioned adjacent to future development, the property is ideally situated within Merced's major commercial and retail corridor. This strategic placement places it in close proximity to well-known national retailers such as Walmart, Lowe’s,...
...New construction
Signalized intersection
Dense retail corridor
Highway location
Dense 100M+ pop 5 mi
Long 15+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 10,303 | 83,117 | 119,827 |
| 2023 Total Population : | 10,225 | 82,501 | 118,971 |
| 2023 Employed Civilian Pop : | 3,830 | 30,601 | 44,789 |
| 2023 Total Businesses : | 301 | 2,467 | 2,885 |
| 2023 Average Household Income : | $ 59,650 | $ 69,356 | $ 76,282 |
| 2023 Total Consumer Spending : | $ 185 M | $ 1603 M | $ 2452 M |
| 2023 Median Age : | 30 | 30 | 31 |
| 2023 Total Households : | 3,525 | 26,511 | 36,942 |
| 2023 Pop Age 25+: Bachelor's Degree : | 877 | 5,478 | 9,120 |
| 2023 Average Home Value : | $ 276,875 | $ 396,327 | $ 410,303 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Olive Ave | Loughborough Dr | 2006 | 35,146 | 0.07 mi |
| Snelling Highway | Santa Fe Rd | 2021 | 13,000 | 0.09 mi |
| N Santa Fe Ave | Snelling Hwy | 2012 | 19,673 | 0.19 mi |
| Loughborough Dr | Conestoga Dr | 2006 | 8,666 | 0.20 mi |
| Snelling Hwy | N Santa Fe Ave | 2017 | 12,000 | 0.23 mi |
| Snelling Hwy | Willowbrook Dr | 2010 | 21,740 | 0.26 mi |
| Cooper Ave | Snelling Hwy | 2006 | 7,083 | 0.28 mi |
| W Olive Ave | Austin Ave | 2006 | 31,360 | 0.34 mi |
| Loughborough Dr | Olympia Ct | 2006 | 4,953 | 0.45 mi |
| W North Bear Creek Dr | Creekside Dr | 2006 | 1,505 | 0.47 mi |
Long Beach, CA
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 3,010
Glade Spring, VA
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.50 yrs
Size/SF 4,931
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
