Brand New 15 Yr. NNN Lease- Relo Store | 7 Eleven
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Brand New 15 Yr. NNN Lease- Relo Store 7 Eleven
4,212 SF Retail Building Tustin, CA 92780 $8,965,000 ($2,128/SF) 4.35% Cap Rate
Investment Highlights
- Brand New 15 Yr. Absolute NNN Ground Lease by 7 Eleven Inc. - Best in Class Gas/C-Store Brand
- Largest Convenience Store Chain in U.S. - #1 Fastest Growing Global Franchise in 2023 (Franchise 500)
- Relocation Site - Brand New 2024 Prototype - Zero LL Duties/Depreciable Deal - Gas with C-Store
- Rare Trophy Orange County NNN Asset - Hyper Dense Trade Area right off 55 Freeway (307K CPD)
- Affluent City of Orange County ($120,430 HHI) - One of the Safest Counties in U.S. - Dense Residential
- Iconic American Brand - Generational Net Lease Asset - Large 1.14 Acre Parcel - Irreplaceable Location!
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a new construction corporate 7-Eleven (C-store & Service Station) in Tustin, CA. 7-Eleven is the largest operator, franchisor and licensor of convenience stores worldwide, operates over 13,000 stores in the U.S. and Canada (78,000 globally), and has an investment grade credit rating of “A” from S&P (Moody’s: “Baa2”). With a brand new 15-year primary term, four 5-year option periods, 7.5% rent increases every 5 years, corporate guarantee and zero landlord responsibilities this asset is ideal for an investor seeking years of inflation resistant passive income.
The new construction 4,212 SF building on large 1.14-acre parcel is located on the hard corner signalized intersection of McFadden Avenue and Tustin Village Way, which have a combined traffic count exceeding 32,000 VPD, and is adjacent to Costa Mesa Freeway which sees over 307,000 VPD. The subject property is strategically positioned between dense multi-family neighborhoods and one of Orange County’s busiest industrial zones producing a strong demographic of daytime employment and residents. Nearby retailers include The Home Depot, Stater Bros. Markets, 99 Cents Only Stores, McDonald’s, Starbucks, Taco Bell, Jack in the Box, Carl’s Jr. and more.
This is an excellent opportunity to acquire a net leased 7-Eleven in the Los Angeles Metro Area (population exceeding 12.5 million) with a new long-term lease, 20 years in option periods, rent increases, corporate guarantee, and no landlord responsibilities, providing years of worry-free cash flows.
The new construction 4,212 SF building on large 1.14-acre parcel is located on the hard corner signalized intersection of McFadden Avenue and Tustin Village Way, which have a combined traffic count exceeding 32,000 VPD, and is adjacent to Costa Mesa Freeway which sees over 307,000 VPD. The subject property is strategically positioned between dense multi-family neighborhoods and one of Orange County’s busiest industrial zones producing a strong demographic of daytime employment and residents. Nearby retailers include The Home Depot, Stater Bros. Markets, 99 Cents Only Stores, McDonald’s, Starbucks, Taco Bell, Jack in the Box, Carl’s Jr. and more.
This is an excellent opportunity to acquire a net leased 7-Eleven in the Los Angeles Metro Area (population exceeding 12.5 million) with a new long-term lease, 20 years in option periods, rent increases, corporate guarantee, and no landlord responsibilities, providing years of worry-free cash flows.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,212 SF
Building Class
C
Year Built
1970
Price
$8,965,000
Price Per SF
$2,128
Cap Rate
4.35%
NOI
$390,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.14 AC
Zoning
C1 - Commercial
Frontage
100 FT on McFadden
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $677,012 | |
Land Assessment | $3,199,981 | Total Assessment | $3,876,993 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,199,981
Improvements Assessment
$677,012
Total Assessment
$3,876,993
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Brand New 15 Yr. NNN Lease- Relo Store | 7 Eleven
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