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7-Eleven | 12.5+ Yrs Remain Corp NNN 400 S Auburn St 2,146 SF Retail Building Colfax, CA 95713 $5,000,000 ($2,329.92/SF) 5.50% Cap Rate
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
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 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.
| 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
Property Taxes
| Parcel Number | 100-240-024 | Improvements Assessment | $1,185,295 |
| Land Assessment | $508,742 | Total Assessment | $1,694,037 |
Property Taxes
Parcel Number
100-240-024
Land Assessment
$508,742
Improvements Assessment
$1,185,295
Total Assessment
$1,694,037
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7-Eleven | 12.5+ Yrs Remain Corp NNN | 400 S Auburn St
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