7-11 MODESTO CALIFORNIA-NEWLY CONSTRUCTED-5.0 CAP
7-11 CONVIEIENCE with Fuel 5.0% CAP | 4,206 SF, QUALIFIES FOR BONUS DEPRECIATION
Marketing description
NEW TO MARKET: 7-Eleven (STNL) located at 2133 El Vista at Yosemite Blvd/Hwy 132, Modesto California. This asset is a Newly Constructed (2024), Prototypical, 7-Eleven Convenience market with 8 Fuel Pumps. This is a high impact, High Traffic (46,000 CPD) location at the signalized corner with excellent visibility and accessibility. The Property is directly across from the Beard Industrial Park, which is home to many nationally recognized employers including Gallo Winery, Del Monte Foods, Con Agra, Frito Lay, Sysco, Sierra Pacific Container, Silgan Container, Fastenal Distributions and Westland Technologies just to name a few. This is a Pride of ownership asset, leased to a globally recognized credit tenant on a long-term lease, with rental escalations and options. THIS PROPERTERY QUALIFIES FOR 100% BONUS DEPRECIATION
Investment highlights
7-Eleven Corp lease. 15-year primary lease term with 10% increases adjusted every 5 years. Tenant has 4–5-year Options to extend the lease. The lease is a Modified NNN, with Tenant reimbursing for Property Taxes, Property Insurance, and Common Area Maintenance. Landlord is responsible for Roof (warrantied) and Structure.
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