Property History
This well-located corporate 7-Eleven is at the signalized corner of Little Creek Road and Old Ocean View Road. The property is across the street from a Super Walmart anchored center and has heavy drive-by exposure from the approximate 25,000 cars that pass by daily. This 24-hour, non-gas store is priced at a 5.5% cap rate based on the May 2026 rental increase. The seller will credit the difference in current rent versus the 2026 rent at closing. The lease is Absolute NNN with 10% rent increases every five years (note that the 2026 rental income is the basis for value and seller will credit the rent differential at closing). With a lease term until April 30, 2031, and two 5-year renewal options, and a very low rent compared for a C-store, this property provides the potential for steady income, long term tenancy (in occupation since ~1981), and future growth. The Lease Commencement Date above is estimated.
Absolute NNN
Top National Corporate Tenant
10% Increases every five years
Recently Extended Lease w/30% increase
Very Low C-store Rent
Investment Grade Credit
Tenant has been at location since 1981. Exercised several Leases with Options
New 10 Year Lease Written. 30% Increase over previous base rent without seller contribution.10% Increase every 5 Years.
2018 Remodel of Interior and Exterior of location
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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