7-Eleven
Retail | 5.25% CAP | 2,200 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 19215 Filbert Rd, Bothell, WA 98012. The site consists of roughly 2,200 rentable square feet of building space on an estimated 0.34-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 1/4/2021. The current annual rent is $238,425* and has scheduled increases of 10.00% every 5 years.
Investment highlights
Strong Corporate Guarantee | The lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations. 7-Eleven is the largest convenience store chain in the world, with over 60,000 in eighteen countries, of which over 10,700 in North America.
Qualifies for Bonus Depreciation | This 7-Eleven property qualifies for bonus depreciation. Please inquire with the listing broker for additional details, as well as a tax advisor.
Affluent Community | The Subject Property is situated within a highly affluent suburb of Seattle, where the average annual household income exceeds $180,000 within a one-mile radius. This high-income demographic indicates strong consumer purchasing power and a tendency for convenience-based spending.
Proximity to Major National Tenants | This property is located in a dense retail corridor with some of the premier national tenants in America. Some of the tenants include Walmart, Target, Costco, and Alderwood, all within a four-mile radius of the site. The presence of these elite national tenants in the immediate area significantly increased foot traffic and potential customers at this site.
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