Listed by SRS Real Estate Partners Newport Beach
$8,421,000
7-Eleven
Details
APN 088-030-005-000
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,630
Cap Rate 4.75%
NOI $400,000
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 11/30/2041
Remaining Term 15.4
Rent Bumps Yes
Year Built 2026
Buildings 1
Acreage 1.300
Zoning Community Commercial (CC)
Parking Spaces 23 spaces
Parking per 1,000 SqFt 4.97
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 11/01/2026
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 4.75% CAP | 4,630 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 7-Eleven investment property located in Turlock, California. The tenant, 7-Eleven, Inc (S&P: A-) recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Investment highlights
- Tenant recently signed a brand new 15-year lease with 3 option periods to extend, demonstrating long term commitment to the site
- Lease is corporate signed by 7-Eleven, Inc. (S&P: A-)
- Features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$400,000.00
$33,333.33/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
Map
Zoning
PD PlannedPlanned Development
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 6 uses
View all 6 uses Last updated Jul 2, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage
Is there information that looks off?
