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Investment Highlights

  • 12+ Years Remaining | Scheduled Rental Increases | NNN Leased | Corporate Lease (S&P: A) | Established Brand | Bonus Depreciation
  • Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area
  • Located Along Auburn Street | Centralized Location | Strong National & Regional Tenants

Executive Summary

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 Colfax, 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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,146 SF
Building Class
C
Year Built
1968
Price
$5,000,000
Price Per SF
$2,329.92
Cap Rate
5.50%
NOI
$275,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.55 AC
Zoning
CH - Highway Commercial District
Parking
9 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
172’ on AUBURN

Amenities

  • Freeway Visibility
  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

7-Eleven began in 1927 as an ice vendor in Dallas, Texas called Southland Ice Company. It eventually started selling food items like bread, milk, and eggs, which led to the first convenience stores. The name changed to 7-Eleven in 1946 to reflect the extended hours from 7 am to 11 pm. 7-Eleven grew rapidly in the following decades, pioneering ideas like 24/7 stores and to-go coffee. While it started in the US, it now has a significant global presence with stores in many countries. The stores sell a variety of products including snacks, beverages, prepared foods, and gasoline.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100

Nearby Major Retailers

Starbucks
U.S. Bank

Property Taxes

Property Taxes

Parcel Number
100-240-024
Land Assessment
$508,742
Improvements Assessment
$1,185,295
Total Assessment
$1,694,037
  • Listing ID: 29785751

  • Date on Market: 7/12/2023

  • Last Updated:

  • Address: 400 S Auburn St, Colfax, CA 95713

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