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7-Eleven - 15 Year NNN Lease - Fee Simple 601 Carolyn Weston
3,060 SF Retail Building Stockton, CA 95206 $4,250,000 ($1,389/SF) 4.94% Cap Rate
Investment Highlights
- 15 Year NNN Lease - Zero Landlord Obligations - Corporate Guarantee
- 10% Increases Every 5 Years
- Low In Place Rent of $210,000 Annually
- Fee Simple Investment Offering - Investment Grade Credit Rating
- Four (4) 5-Year Options
- Building Qualifies for 60% Bonus Depreciation
Executive Summary
and C-store located at 601 Carolyn Weston Blvd. in Stockton, CA (Marketplace
at Weston Ranch). The 15-year lease is guaranteed by 7-Eleven, Inc. (Corporate)
which has an investment grade credit rating of “A”. There are four (4) 5-year
options with 10% rental increases throughout the base term and option periods.
The property was developed in 2022 leaving 13.5 years on the primary term of
the lease. The subject property is located on a 0.88 Acre lot. There are 5 pumps
and 10 fueling positions on theproperty. The property has a total of 14 dedicated
parking spaces.
The subject 7-Eleven is part of a larger retail development with neighboring
retailers including Chipotle, McDonald’s, Starbucks, Quick Quack Car Wash
and a 120 Unit Townhome Community planned for development in the rear.
The subject property benefits from being within immediate proximity to the 5
Freeway on/offramp at Carolyn Weston Blvd. To the West of the 5 Freeway, this
center aside from the Food 4 Less across the street is the only commercial/retail
in the neighborhood (Weston Ranch).
Property Facts
Amenities
- 24 Hour Access
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 3,060 SF
- -
- Triple Net
- Oct 2037
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 | 3,060 SF | - | Triple Net | Oct 2037 |
PROPERTY TAXES
| Parcel Number | 164-220-19 | Improvements Assessment | $0 |
| Land Assessment | $421,020 | Total Assessment | $421,020 |
PROPERTY TAXES
-
Adam Friedlander -
Beta Agency
Presented by
7-Eleven - 15 Year NNN Lease - Fee Simple | 601 Carolyn Weston
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