Listed by Matthews
$2,400,000
7-ELEVEN
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 3,760
Net Rentable (SqFt) 3,760
Cap Rate 6.54%
NOI $156,973
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type NNN
Lease Expiration 11/30/2034
Remaining Term 8.5
Rent Bumps Yes
Lease Options Three, 5-Year
Year Built 1986
Year Renovated 2019
Acreage 0.280
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple
High-Traffic Corner | Infill Demographics | Long-Term NNN Lease
Investment highlights
- National Credit Tenant – This store is leased to 7-Eleven, Inc., the world’s largest convenience store operator with over 13,000 locations domestically and 83,000 locations globally
- High-Visibility Corner Location – Positioned on a hard-corner of the signalized intersection of N Cedar Ave and E Clinton Ave, the property benefits from strong visibility and consistent traffic counts of nearly ±39,300 vehicles per day, on average.
- Strong Daytime Population Drivers – This property is located directly across the street from McLane High School (±2,000 students), and minutes down the road from the Fresno Community Regional Medical Center (±4,000 employees, 685 beds). These properties drive consistent foot traffic and sustained demand for convenience retail.
- Compelling Demographics – The ±5-mile radius surrounding the property is home to over 417,824 residents, supporting healthy retail demand and ensuring stable consumer traffic for the tenant.
- Proven Operating History – This property has operated as a convenience store for over 30 years, underscoring the strength of the location and its suitability for convenience operators.
- Recent Infrastructure Investment – Located near the newly completed Cedar Viaduct, a 3,700-foot high-speed rail bridge finalized in 2023. This major infrastructure project improves connectivity and visibility along Fresno’s primary retail corridor, supporting long-term growth and reinforcing the property’s strategic location.
- High Traffic Visibility – Situated near the State Route 168 with over ±102,000 vehicles per day passing by N Cedar Ave, providing strong exposure and steady consumer flow to the surrounding retail corridor.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,973.00
$13,081.08/mo
Valuation Metrics
0
DSCR
6.54%
Cap Rate
6.54%
ROI
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