Listed by Marcus & Millichap - San Diego
$5,225,000
7-ELEVEN W/ GAS - RANKED TOP 13% NATIONWIDE | NNN LEASE
Details
APN 0420127017
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,010
Cap Rate 5.15%
NOI $268,978
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type NNN
Lease Expiration 10/30/2035
Remaining Term 9.4
Rent Bumps Yes
Class A
Year Built 2020
Stories 1
Acreage 0.850
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 5.15% CAP | 3,010 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- NNN Lease feat. 10% Rental Increases Every 5 Years Throughout the Initial Term & Options. 2020 Construction w/ Gas Station. 7-Eleven has never Defaulted on a Lease and Averages 43+ Years Occupancy.
- Positioned Along Area’s Major Traffic & Industrial Corridor. Signalized Hard Corner Location: Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 12k Vehicles.
- Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
- Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain. Densely Populated and Affluent Area: Features an Average Household Income of more than $125k within a 1-Mile Radius and over 162k People Residing within a 5-Mile Radius.
- Strong Regional Connectivity to Interstate-5 & WA-167 - Immediate Access to/from WA-167 and near Interstate-5, enhancing Long-Term Viability by Connecting the Property to the Broader Seattle-Tacoma-Bellevue Metropolitan Economy.
- Located Minutes from WA-410, a Major Arterial Linking Sumner, Bonney Lake, Puyallup, and Auburn, Capturing Commuter, Logistics, and Residential Traffic throughout the Rapidly Expanding East Pierce County Corridor.
- Positioned w/in the Seattle-Tacoma Industrial Growth Hub - Near Amazon Fulfillment, Costco Distribution, and Northwest Seaport Alliance Logistics, Driving Consistent Fuel and Convenience Demand from Shift Workers and Regional Freight Traffic.
- The Site Benefits from Significant Daytime Population Driven by Warehouse, Manufacturing, and Logistics Operations throughout Sumner’s Industrial Corridor, Generating Dependable Weekday Fuel and in-Store Demand.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$268,978.00
$22,414.83/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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