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21881147
21881156

201 E US Hwy 24, Independence, MO 64050

DO
698264
Real Capital Investments
RB
TX TX 632534
Real Capital Investments
Listed by Real Capital Investments
$730,857
448 days on market
Updated 34 days ago

7-Eleven

Details
APN 26-210-04-02-00-0-00-000
Property Type Retail
Sub Type Convenience Store
Square Footage 2,530
Units 1
Cap Rate 5.25%
NOI $38,370
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 12/31/2034
Remaining Term 8.6
Rent Bumps Yes
Lease Options Two (2) Addition (5-Year) Options to Renew
Price per SqFt $289
Broker Co-Op Yes
Class B
Year Built 1983
Buildings 1
Acreage 0.414
Zoning Commercial C-2
Parking Spaces 12 spaces
Parking Per SqFt 4.74
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2025
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Recent 10 Year Renewal | 23% Increase in Yr 6

Investment highlights

  • Brand-New 10 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Two (5-Year) Options to Renew

  • Rare 23% Rental Increase in Year 6 with 10% Rental Increases Every 5 Years Throughout the Remaining Option Periods, Providing a Strong Hedge Against Inflation

  • Corporately Guaranteed Lease by 7-Eleven Inc. with an S&P Credit Rating of AA- and Over $87.6 Billion in Revenue in 2023

  • Best in Class Tenant – 7-Eleven is the Premier Brand and Leader in the Convenience Store/Gas Station Industry with Over 78,000 Locations in 19 Countries, Making it the World’s Largest Convenience Retailer

  • Intrinsic Value Asset – 2,530 Square Feet Convenience Store Situated on a 0.414-Acre Parcel Containing 12 Parking Spaces, Providing 7-Eleven with the Ability to Effectively Handle High Customer Volume

  • High Traffic Location with Excellent Visibility at a Signalized Intersection – More Than 22,000 Vehicles Per Day on E. US Highway 24 & Over 11,000 Vehicles Per Day on N. Noland Rd

  • Densely Populated, Infill Location with Strong Demographics – Over 129,000 People within a 5-Mile Radius with Average Household Income Exceeding $80,000 Annually

  • Over 29.9 Million Square Feet of Industrial & Office Space and 11.1 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 3,600 Businesses & 34,000 Employees

  • Strategically Located Directly Across from William Chrisman High School with Over 1,400 Students Enrolled & More Than 100 Faculty Members and Employees

  • Approximately 0.7 Miles from The Harry S. Truman Presidential Library & Museum, Which Welcomes More Than 150,000 Visitors Annually

  • Approximately 1.7 Miles from Graceland University’s Independence Campus with Over 1,200 Students Enrolled & 82 Faculty Members

  • Strong Multi-Family Density with More Than 5,000 Apartment Units within a 5-Mile Radius of the Property

Listing Contacts

DO
698264
Real Capital Investments
RB
TX TX 632534
Real Capital Investments
Listed by Real Capital Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,370.00
$3,197.50/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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