2216 University Ave, Madison, WI 53726

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 7-Eleven investment property located in Madison, Wisconsin. The tenant, 7-Eleven, Inc (S&P: A) has 11+ years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rent increases in July of 2031 and in each option period, steadily growing NOI and hedging against inflation. The lease is NNN, making it ideal for a passive investor.. With 85,000 stores globally and $88 billion in annual sales, 7-Eleven has more outlets than any other retailer or food service provider in the world and consistently ranks as one of the top U.S. Franchisees.

The property is located along University Ave, which averages 24,030 vehicles passing by daily and is a major retail thoroughfare serving the city of Madison. The 7-Eleven is positioned just north of U.S. Highway 14 (129,000 VPD), a major east/west travelling Highway. The site features 8 gas station pumps, helping provide ease and convenience for consumers. In addition, the site is positioned a few miles east of Hilldale Mall, a 465,000 square foot shopping center anchored by Target, Macy’s, and more. Furthermore, the asset is located about 3 miles northeast of West Towne Mall, a 1,015,000 square foot shopping mall anchored by Dick’s Sporting Goods, Hobby Lobby, JCPenney, and more. Furthermore, the site is situated northeast of West Towne Crossing, a 401,000 square foot shopping center anchored by Kohl’s, Best Buy, Barnes & Noble, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a a Walmart , T.J. Maxx, Burlington, Ross Dress for Less, Walgreens, and more, further increasing consumer traffic to the site. The subject property is in close proximity to University of Wisconsin-Madison, a major college university that has about 48,000 students enrolled and helps draw consumers to the trade area. The 5-mile trade area is supported by a population of over 236,900 with an affluent average household income of $112,409.