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7 Eleven 3848 McKinley Ave

2,501 SF Retail Building Tacoma, WA 98404 $1,905,000 ($762/SF) 5.25% Cap Rate

Investment Highlights

  • ±11 years remaining on this absolute triple net lease with no LL responsibilities.
  • 7-Eleven has ±60 years of successful operating history at this location.
  • 7-Eleven is a “Recession-Proof” tenant and e-commerce resistant.
  • Recent lease extension demonstrates tenant’s commitment to and performance at this location.
  • 7-Eleven is the largest convenience store chain in the world with over 84,500 locations, currently holding an Investment-Grade "A" Rating from S&P
  • Washington has no personal or corporate income tax.

Executive Summary

Exclusively Listed in Association with: Congress Realty Inc., Washington License #50330 & #9731

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,501 SF
Building Class
C
Year Built
1969
Price
$1,905,000
Price Per SF
$762
Cap Rate
5.25%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
0.33 AC
Zoning
C1, Tacoma
Parking
14 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
71 FT on McKinley Ave

Amenities

  • Bus Line
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
747001-0340
Land Assessment
$180,500
Improvements Assessment
$264,600
Total Assessment
$445,100
  • Listing ID: 33612111

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 3848 McKinley Ave, Tacoma, WA 98404

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