7-Eleven - Broomfield, CO
Absolute NNN Corporate 7-Eleven
Marketing description
7-Eleven, founded and headquartered in 1927 in Dallas, Texas, holds the title for the world's first convenience store as well as the world's largest chain of convenience stores. Originally called Tote'm, the name was changed to 7-Eleven in 1946 to reflect its extended operating hours, from 7 a.m. to 11 p.m., seven days a week. Today, many locations operate 24/7, underscoring the brand's commitment to convenience.
The retail chain focuses on meeting the needs of on-the-go consumers, emphasizing quick and easy access to a variety of products, such as beverages, snacks, prepared foods, groceries, and essential household items. 7-Eleven is renowned for its iconic Slurpee and Big Gulp beverages. The company's business model thrives on high traffic and impulse buys, driving profitability through a combination of convenience, product variety, and strategic locations.
7-Eleven operates, franchises, and licenses 85,000 stores across 20 countries, with 13,000 locations in North America. The company also operates under the Speedway and Stripes banners in the U.S. The chain recently announced plans to expand its global footprint by 18%, reaching 100,000 stores in 30 countries and regions by 2030.
Investment highlights
- Investment Grade Tenant (S&P A-Rated Tenant)
- - Over Eight Years Remaining on the Original 15-Year Lease
- - 7.5% Rental Increases every 5-Years
- - Three 5-Year Options with Increases
- Strong Preforming Location: Store ranks in the top 60% of 7-Eleven Nationally per PlacerAi providing certainty of lease renewals
- Signalized Hard Corner Location: Intersection of CO 128 / CO 287 with combined traffic counts exceeding 57,000 vehicles per day providing strong real estate fundamentals
- Dense Affluent Colorado Demographics: 3-mile population exceeding 77,000 people with Average Household Incomes of $140k ; Major employers include Oracle (#87 Fortune 500) Lumen Technologies (#325 Fortune 500) and SCL Health (60,000 employee’s)
- Accelerated Bonus Depreciation: Fee simple ownership structure allowing an investor to take advantage of accelerated depreciation (consult with a tax professional)
- Attractive Rent / Price Point: Being offered at just over $3m 7-Elevens rent structure is below market when compared with similar 7-Eleven’s currently being marketed across the country (7-Eleven’s average price point exceeds $5m)
- Internet Resistant Essential Business: Providing daily needs to the surrounding community. 7-Eleven has been designated an “Essential Business” by the Department of Homeland Security
- Best in Class Retailer: with 85k stores globally and $88B 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 franchises
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