Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment-grade (S&P: A), freestanding, 7-Eleven investment property located in Angels Camp, CA. The tenant has over 12 years of firm term remaining with 3 (5-year) option periods to extend. The lease features 7.50% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A) and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The offering features a freestanding 7-Eleven asset with 8 fueling stations. 7-Eleven is a well-recognized and established brand that franchises and/or licenses more than 78,000 stores worldwide.

7-Eleven is strategically located along South Main Street with clear visibility and access to an average of 9,600 vehicles passing by daily. The asset benefits from nearby access onto State Highway 4 (8,200 VPD), providing efficient commutes for employees and customers. The tenants in the trade area include US Bank, Dollar General, O’Reilly Auto Parts, Save Mart, McDonald’s, CVS Pharmacy, Tractor Supply Co., and others. The strong national and regional tenant presence drives a steady stream
of loyal, local consumers and provides crossover store exposure. Furthermore, the property is near numerous single-family communities and multi-family complexes including Foothill Village Senior Living (32 units), Copello Square (50 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 5,600 residents and 3,700 daytime employees. Residents within 1-, 3-, and 5-miles of the site boast a healthy average household income of $96,339, $100,921, and $104,619, respectively.

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