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Auto Service - Gas-Conv

7-Eleven [45 Yr Operating History]

646 W Indian School Rd, Phoenix, AZ 85013

Listing Price: $2,076,000

Cap Rate
5.00%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
4.9
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$865.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.26

Investment Overview

7-Eleven Inc. is a Japanese-American international chain of convenience stores, headquartered in Dallas, Texas. 7-Eleven operates, franchises, and/or licenses more than 14,000 stores in the U.S. and Canada and 78,000 stores worldwide under the brands 7-Eleven, Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Investment Highlights

  • Five Years Remaining on Absolute Triple-Net (NNN) Corporate Lease with 7-Eleven
  • Visible to a Combined 91,000 Cars per Day at the Corner of North Seventh Street and West Indian School Road
  • Well Established Location with 45-Year Operating History - Tenant has Operated at the Site Since 1979
  • Dense Phoenix Infill with 464,648 Residents within a Five-Mile Radius
  • Situated within the Melrose District, an Iconic Phoenix Neighborhood Home to Antique Shops, Dining, Entertainment, and Boutique Shops
  • Easily Accessible Location in Close Proximity to Three Major Highway Systems: Interstates 10 and 17 and State Route 51
  • Surrounded by National Retailers: Safeway, Natural Grocers, McDonald's, and More
  • Located Just North of Downtown Phoenix and Down the Road from Phoenix's Midtown District

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Auto Service - Gas-Conv

7-Eleven [45 Yr Operating History]

Listing Price: $2,076,000

Cap Rate
5.00%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
4.9
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$865.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.26

Investment Highlights

  • Five Years Remaining on Absolute Triple-Net (NNN) Corporate Lease with 7-Eleven
  • Visible to a Combined 91,000 Cars per Day at the Corner of North Seventh Street and West Indian School Road
  • Well Established Location with 45-Year Operating History - Tenant has Operated at the Site Since 1979
  • Dense Phoenix Infill with 464,648 Residents within a Five-Mile Radius
  • Situated within the Melrose District, an Iconic Phoenix Neighborhood Home to Antique Shops, Dining, Entertainment, and Boutique Shops
  • Easily Accessible Location in Close Proximity to Three Major Highway Systems: Interstates 10 and 17 and State Route 51
  • Surrounded by National Retailers: Safeway, Natural Grocers, McDonald's, and More
  • Located Just North of Downtown Phoenix and Down the Road from Phoenix's Midtown District

Investment Overview

7-Eleven Inc. is a Japanese-American international chain of convenience stores, headquartered in Dallas, Texas. 7-Eleven operates, franchises, and/or licenses more than 14,000 stores in the U.S. and Canada and 78,000 stores worldwide under the brands 7-Eleven, Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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