Riverside, CA - 7-Eleven

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a brand-new, absolute NNN ground leased 7-Eleven investment property located in Riverside, California. The property is subject to a 15-year ground lease signed directly by 7-Eleven, Inc. (S&P: A-), with three (5-year) options to extend and 7.5% rental increases every five years throughout the initial term and at the beginning of each option period. The property is currently under construction and is anticipated to be completed January 2027, with rent estimated to commence November 2026. Situated on approximately 0.86 acres, the development will feature a new convenience store and gas station. The corporate lease signature, long-term lease structure and scheduled rental increases provide an attractive investment opportunity within the established Southern California market.

The subject property is strategically positioned at the signalized intersection of Van Buren Boulevard and Primrose Drive, which experience approximately 48,000 combined vehicles per day. The property benefits from prominent frontage, excellent visibility and convenient access along a heavily traveled commercial corridor. The immediate area features a strong concentration of national retailers and restaurants, including Target, Lowe’s, Walmart, In-N-Out Burger, McDonald’s and Starbucks. Nearby retail destinations, including Galleria at Tyler and Lincoln Plaza, further contribute to consumer activity and reinforce the property’s position within an established retail trade area.

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Listing ID: a28TP000003vG9ZYAU