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Auto Service - Gas-Conv

7-Eleven

1101 W Reno Ave, Oklahoma City, OK 73106

Listing Price: $8,487,000

Cap Rate
5.75%
Tenant Name
7-Eleven
Years Remaining On Lease
14.4
Gross SF
4,650
Guarantor
Corporate Guarantee
Rentable SF
4,650
Price/Gross SF
$1,825.16
Lease Type
Absolute Net
Rent Per Square Feet
$104.95

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in Oklahoma City, Oklahoma. The property consists of a 4,650-square-foot, freestanding building that sits on 1.41 acres of land. There are 14.4 years remaining on the lease, with 7.50% rental escalations scheduled every five years.

Investment Highlights

  • New Corporate 15-Year Absolute Net Lease with 7.5 Percent Rental Escalations Every Five Years
  • Signalized Hard Corner Location with Frontage on Three Major Routes: Reno Avenue, South Western Avenue and Oklahoma City Boulevard (Combined 131,075 VPD)
  • New Store Format Featuring a Laredo Taco Company Restaurant
  • Heavy Commuter Corridor – Daytime Population Increases 65 percent with an Employee Population of 374,656 (5-Mile Radius)
  • More than 226,947 Residents Within a Five-Mile Radius
  • Large 1.41 Acre Parcel in Downtown Oklahoma City – Continued Growth and Development in the Surrounding Area
  • Next to West Village District, Oklahoma City's Newest Downtown District
  • Corporate Guarantee - 7-Eleven Operates, Franchises, and/or Licenses Over 77,000 Stores in 16 Countries

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Auto Service - Gas-Conv

7-Eleven

Listing Price: $8,487,000

Cap Rate
5.75%
Tenant Name
7-Eleven
Years Remaining On Lease
14.4
Gross SF
4,650
Guarantor
Corporate Guarantee
Rentable SF
4,650
Price/Gross SF
$1,825.16
Lease Type
Absolute Net
Rent Per Square Feet
$104.95

Investment Highlights

  • New Corporate 15-Year Absolute Net Lease with 7.5 Percent Rental Escalations Every Five Years
  • Signalized Hard Corner Location with Frontage on Three Major Routes: Reno Avenue, South Western Avenue and Oklahoma City Boulevard (Combined 131,075 VPD)
  • New Store Format Featuring a Laredo Taco Company Restaurant
  • Heavy Commuter Corridor – Daytime Population Increases 65 percent with an Employee Population of 374,656 (5-Mile Radius)
  • More than 226,947 Residents Within a Five-Mile Radius
  • Large 1.41 Acre Parcel in Downtown Oklahoma City – Continued Growth and Development in the Surrounding Area
  • Next to West Village District, Oklahoma City's Newest Downtown District
  • Corporate Guarantee - 7-Eleven Operates, Franchises, and/or Licenses Over 77,000 Stores in 16 Countries

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in Oklahoma City, Oklahoma. The property consists of a 4,650-square-foot, freestanding building that sits on 1.41 acres of land. There are 14.4 years remaining on the lease, with 7.50% rental escalations scheduled every five years.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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