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 Wallace, CA (Sacramento MSA). 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 Highway 12 with clear visibility and access to an average of 5,400 vehicles passing by daily. Highway 12 is a major commuter route that connects the southern Sacramento MSA and connects to Interstate 5, which provides direct access into Downtown Sacramento. The tenants in the trade area include Casa Piedra Mexican, Carpet Source, USPS, Decorative Rock Network, and others. The strong regional tenant presence drives a steady stream of loyal, local consumers and provides crossover store exposure. In addition, the subject is the only gas station within 5+ miles, creating a large consumer draw with virtually no competition. Furthermore, the property is near numerous single-family communities, providing a direct residential consumer base. The 5-mile trade area is supported by over 4,300 residents and 780 daytime employees. Residents within 1-, 3-, and 5-miles of the site boast an affluent average household income of $121,076, $148,931, and$132,234, respectively.

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