Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

951 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

7-Eleven 3225 Mchenry Ave 6,000 SF Retail Building Modesto, CA 95350 $1,900,000 ($316.67/SF) 4.69% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Investment-Grade A- Rated 7-Eleven with Corporate Guarantee and 7.5 Years Remaining on Lease
Absolute NNN Lease with 10% Rental Increases Every 5 Years and Four 5-Year Options
Proven 12+ Year Operating History with Early Option Renewal Demonstrating Strong Commitment

Hard Signalized Corner Location on McHenry Avenue with 37,000+ Vehicles Per Day Traffic
Below Market Rent Providing Additional Security for Long-Term Tenant Viability at Location
Dense Infill Market with 128,000+ Residents Within 3 Miles Supporting Convenience Retail

Executive Summary

David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Convenience Store

Building Size

6,000 SF

Building Class

Year Built

1962

Price

$1,900,000

Price Per SF

$316.67

Cap Rate

4.69%

NOI

$89,100

Tenancy

Single

Building Height

1 Story

Building FAR

0.43

Lot Size

0.32 AC

Retailer
-
$9.99
-

7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.