
7-Eleven | 7.5+ Years Remaining | 80th Percentile Nationally
Fee Simple | NNN
Investment highlights
• High Foot Traffic : Ranks in the 80th percentile nationally and in the 77th percentile in the state. (Alpha Maps).
• Early Option Renewal: 7-Eleven exercised their 5 year option early, showing a strong commitment to the location.
• Proven Location: 7-Eleven has successfully operated at this location for 12+ years.
• Hedge Against Inflation: 10% rental increases every 5 years.
• Hard Signalized Corner: Enhancing accessibility and customer flow from surrounding residential neighborhoods and commercial areas.
• High Traffic Volume and Visibility: McHenry Avenue is one of Modesto's busiest thoroughfares, with approximately 37,000+ in average daily traffic counts, ensuring excellent exposure for a convenience store.
• Competitive Pricing & Accessibility: The acquisition price remains modest compared to many single-tenant net lease 7-Eleven investments.
• Cheap Rent: The current rent is below average compared to 7-Eleven's nationally, providing additional security of 7-Eleven's long-term viability at this location.
• Easy Access: multiple points of access are located on both streets.
• Open 24/7: Configured to support continuous, around-the-clock operations, providing flexibility for users requiring uninterrupted access.
• Main Retail Corridor: Nearby tenants include, Target, Walmart Super Center,
Barnes & Noble, Dutch Bros, Wells Fargo, Bank of America, Marshalls,
Sherwin Willaims, Verizon, PNC Bank, Cit Bank, Carls Jr., Hobby Lobby,
Chase Bank, Dollar Tree, Burlington, Safeway, Habit Burger & Grill,
Starbucks, CVS, Orangetheory Fitness, McHenry Village Shopping Center,
Guitar Center, Ross, AutoZone and much more.
• Top-Rated Tenant: 7-Eleven has investment-grade credit, rated ‘A-’ by
Standard and Poor’s.
• Iconic Brand: 85,000+ Locations Worldwide, 13,000+ in the United States
and Canada.
• Dense Infill Market: Approximately 128,000+ residents within 3 miles
and 256,000+ residents within 5 miles.
• Growing Population and Demographics: Annual growth rate of
0.53%, supported by job creation outpacing population expansion.
• Robust Local Economy and Job Growth: Modesto's economy is
anchored by manufacturing, agriculture and emerging circular economy
initiatives. The area's proximity to the Bay Area (about 90 minutes away)
attracts commuters, while local unemployment remains low and
industries like logistics and food processing provide steady
employment. This economic stability supports consistent demand for
convenience retail, with potential for growth in consumer spending as
the population expands.
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