Listed by Matthews
$2,300,000
7- ELEVEN | ABSOLUTE NNN | LOW RENT TO SALES
Details
APN 020-361-26
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,760
Cap Rate 5.74%
NOI $132,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Circle K
Lease Type Absolute NNN
Lease Expiration 08/30/2030
Remaining Term 4.2
Rent Bumps Yes
Lease Options Two, 5 Years
Price per SqFt $833
Year Built 1979
Acreage 0.410
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/29/1979
Ground Lease No
Ownership Fee Simple
Successfully operated at this location for 40+ years
Investment highlights
- High Performing Store: Reports Store Sales — low rent-to-sales ratio. Contact broker for more details.
- Creditworthy Tenancy: Leased to 7-Eleven, an investment-grade tenant (S&P: A-)
- Demonstrated Tenant Commitment: 7-Eleven exercised an early lease extension in 2025 and over 40+ years of operating history at this location, underscoring long-term operational stability
- Strong Demographics: Over ±211,680 residents within a five-mile radius and more than ±400,363 within ten miles.
- Affluent Area: Average household income over ±$100,000 in a 5-mile radius
- Excellent Highway Access: Located less than one mile from Interstate 580, which accommodates over ±134,000 vehicles per day.
- Dense National Retail Presence: Surrounded by a wide array of national retailers and QSR tenants, including Chick-fil-A, Starbucks, Chipotle, Dutch Bros Coffee, Raising Cane’s, and McDonald’s, among others.
- Established Big Box Corridor: Adjacent to major shopping centers anchored by national brands such as Walmart Supercenter, Target, Whole Foods, Lowe’s, Best Buy, Trader Joe’s, Burlington, CVS, and The Home Depot.
- Proximity to Convention Hub: Less than one mile away from the Reno-Sparks Convention Center, a ±600,000 SF exhibition facility hosting high-profile national sporting events and conferences annually.
- Nearby Resort-Casinos: Minutes from Peppermill Reno and Atlantis Casino Resort Spa—two AAA Four Diamond properties offering over 2,400+ guest rooms, extensive gaming, spa, and convention facilities.
- Access to Regional Mall: Less than one mile away from Meadowood Mall, a ±901,000 SF super-regional center anchored by Macy’s, Dillard’s, Dick’s Sporting Goods, and JCPenney.
- Close to Reno-Tahoe International Airport: Situated within three miles of RNO, which serves approximately 4.8 million passengers annually and contributes $3.6 billion in total economic impact.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo
Valuation Metrics
0
DSCR
5.74%
Cap Rate
5.74%
ROI
Map
Zoning
MU MixedMixed UseMixed Use Urban
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View all 152 uses Last updated Apr 11, 2026 For deeper zoning details, reports are available at Zoneomics
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