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7-Eleven | 11.5 Yr NNN | University Location 2216 University Ave 3,819 SF Retail Building Madison, WI 53726 $3,642,000 ($953.65/SF) 4.75% Cap Rate

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INVESTMENT HIGHLIGHTS

University of Wisconsin-Madison | UW Health University Hospital |Memorial Veterans Hospital | Madison Yards Development
University Avenue (24,030 VPD) | U.S. Highway 14 (129,000 VPD) |Strong Brand Presence | Covid & E-commerce Resistant Tenant
NNN Leased | Fee Simple Ownership | Hands Off Ownership

Early Lease Extension with 10% Rent Increase | Corporate Guaranty | Over 11.5 Years Remaining | 8-Pump Gas Station
Hilldale Mall (465,000 SF) | West Towne Mall (1,015,000 SF) |West Towne Crossing (401,000 SF) | Primary Retail Corridor

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 7-Eleven investment property located in Madison, Wisconsin. The tenant, 7-Eleven, Inc (S&P: A) has 11.5 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rent increases in July of 2031 and in each option period, steadily growing NOI and hedging against inflation. The lease is NNN, making it ideal for a passive investor.. With 85,000 stores globally and $88 billion in annual sales, 7-Eleven has more outlets than any other retailer or food service provider in the world and consistently ranks as one of the top U.S. Franchisees.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

3,819 SF

Building Class

Year Built

1989

Price

$3,642,000

Price Per SF

$953.65

Cap Rate

4.75%

NOI

$173,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

0.59 AC

Zoning

TSS - Traditional Shopping Street

Parking

17 Spaces (4.45 Spaces per 1,000 SF Leased)

Frontage

62’ on Walnut Street

Corner Lot

Pylon Sign

Signage

Signalized Intersection

Retailer
99,999 SF
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In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.