Property details
Brand New 15-Year NNN 7-Eleven Stores For Sale, Southwest Region
Property Description
Located in an Income Tax Free State!
Brand New 15-Year NNN 7-Eleven Stores For Sale
We have been given a VERY short window to bring a buyer forward...
These will move VERY quickly.
The developer/owner is about to list these on the open market. Now is the time to take advantage of these while they are off-market and without competition, bidding wars, calls for offers, and other barriers.
Corporate Guaranty (S&P Investment Grade Credit Rating go "AA-"). Accelerated Depreciation Available on A Portion of Each Property.
Two Brand New 7-Eleven Stores
Both are soon to be under construction
Starting construction on one store around July 24, 2013 and another one around August 15th.
Both stores should open by mid December
These will be beautiful stores with lots of landscaping and trees.
They both are pure NNN 7-Eleven Stores.
15 Year Leases
10% Bumps Year 11.
Asking a 5.00 Cap
Both stores are located in the best City in the Country for investing (according to most magazines).
They both have gas and they are designed the best possible to satisfy the stringent TECQ. The land costs over 810k for each site and the developer has worked on these deals for 3 years. 7-Eleven will invest over $1 mil of their own money for the one Store and just under $1 mil for the other store. That includes their fixtures, canopy, signs and gas. The developer builds the rest. These are their newest prototypes and they a pure NNN.
Rent on one store is $132,000 per year (Years 1-10). Price: $2,640,000
Rent on the other store is $138,420 per year (Years 1-10). Price: $2,768,400
Strong Brand Recognition. 7-Eleven, Inc. Is the world's largest convenience store chain with more than 48,400 stores in 16 countries. 7-Eleven, Inc. today continues its expansion
Images
Highlights
- Status:
- Withdrawn
- Price:
- $2,640,000
- Cap Rate:
- 5.00%
- Rent Increases:
- 10% Bumps Year 11 and in the Options
Property Information
- Property Type:
- Net Lease
- Industry Type:
- Convenience Store - Gas
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- 7-Eleven
- Lease Type:
- NNN
- Lease Commencement:
- 07/20/2013
- Lease Expiration:
- 10/31/2028
- Lease Term:
- 15 years
- Lease Remaining:
- 3.9 years
- Landlord Responsibilities:
- None!
- Options:
- Three 5-Year Options With Increases At The Start of Each Option.
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.