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7-Eleven
171 West Redlands Boulevard, San Bernardino, CA 92408
$8,210,000
Cap Rate 4.75%
Summary
| Price $8,210,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 4.75% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
4,088
| Lease Start
11-21-2023
| #Units
83,282
|
| Price/SF $2,008.32 | Expiration
11-30-2038
| Tenant Type Convenience/Gas |
| NOI $390,000 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$95.40
| Increases 10.0%/5/yrs | Pop 5Mi 245,420 |
| Lot/AC 1.25 | Options 4/5yrs/10% | AHHI 5Mi $65,031 |
| | |
Lease Highlights
- Brand new 2023 construction
- 7-Eleven will execute a brand-new 15-year lease with 4 (5-year) options to extend
- Lease features 10% increases every 5 years
- Favorable NN+ lease with landlord responsibilities limited to roof & structure
- Corporate guaranteed lease
- 7-Eleven is an investment grade tenant (S&P: A)
Location Description
This newly constructed 7-Eleven is strategically positioned at the signalized intersection of W. Redlands Boulevard and Hunts Lane, which see a combined traffic count of 34,500 vehicles passing by daily. It is also visible and easily accessible from Interstate 10 (236,000 VPD) and near Interstate 215 (185,000 VPD). Nearby tenants include Aldi, Home Depot, PetSmart, Burger King, Carl’s Jr., and...
...Features
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New construction
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Signalized intersection
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Near major nationals
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Freeway visibility
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Dense 200M+ pop 5 mi
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Top 100 MSA
-
Brand new lease
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Long 15+ yr lease
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Favorable NN+ lease
-
Traded and rated company
...
Maps
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 12,500...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,959 | 89,582 | 257,977 |
| 2023 Total Population : | 6,889 | 88,892 | 253,101 |
| 2023 Employed Civilian Pop : | 3,149 | 38,055 | 107,267 |
| 2023 Total Businesses : | 1,000 | 4,865 | 9,350 |
| 2023 Average Household Income : | $ 95,745 | $ 84,702 | $ 81,111 |
| 2023 Total Consumer Spending : | $ 187 M | $ 2135 M | $ 5361 M |
| 2023 Median Age : | 34 | 33 | 31 |
| 2023 Total Households : | 2,261 | 28,925 | 75,723 |
| 2023 Pop Age 25+: Bachelor's Degree : | 894 | 8,982 | 20,075 |
| 2023 Average Home Value : | $ 409,640 | $ 445,967 | $ 420,416 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| I 10 Fwy E | S Hunts Ln | 2004 | 14,720 | 0.04 mi |
| 10 | I 10 Ofrp W | 2018 | 230,000 | 0.14 mi |
| S Hunts Ln | E Cooley Dr | 2003 | 11,963 | 0.27 mi |
| E Redlands Blvd | Sunset Dr | 2003 | 22,416 | 0.32 mi |
| 10 | 2018 | 205,000 | 0.39 mi | |
| I 10 | 2021 | 193,000 | 0.44 mi | |
| S Waterman Ave | E Redlands Blvd | 2003 | 27,854 | 0.45 mi |
| E Hospitality Ln | S Business Center Dr | 2010 | 15,970 | 0.45 mi |
| S Waterman Ave | E Hospitality Ln | 2010 | 31,270 | 0.49 mi |
| S Waterman Ave | E Hospitality Ln | 2010 | 20,180 | 0.51 mi |
