Auto Service - Gas-Conv
7-ELEVEN | 2021 BUILD TO SUIT | +/-1.3-AC LOT | HIGH TRAFFIC LOCATION
18590 Skipper Ln, Morgan Hill, CA 95037
Listing Price: $8,599,928
Cap Rate
4.63%
Tenant Name
7 Eleven
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
3,700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$107.62
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for 7-Eleven in Morgan Hill, CA.
7-ELEVEN | 2021 BUILD TO SUIT | +/-1.3-AC LOT | HIGH TRAFFIC LOCATION
Investment Highlights
- 2021 Build to Suit for 7-Eleven | Store Includes Gas Station, Car Wash and Full Convenience Store | 3,700-SF Building on a +/-1.31 Acre Parcel
- New 15-Year Absolute Net Lease With 11+ Yrs Remaining and No Landlord Responsibilities | 10% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options | Corporately Guaranteed Lease
- Located Within Evergreen Village, a New 20-Acre Mixed Use Center Featuring Retail, Restaurants, Office, Medical and More
- Heavy Development In the Area: Evergreen Village Has Four Projects Currently Under Construction Including TacoBell, Holiday Inn Express, Chick Fil A, and an 88 Unit Senior Living Facility | High Visibility Along Cochrane Road With 30,500+ Vehicles Per Day
- Hard, Signalized Corner Location With Easy Access From All Traffic Directions and Two Points of Ingress and Egress | Proximity to Multiple National Tenants Including Walmart Supercenter, Starbucks, McDonald's, Anytime Fitness, Target, Hobby Lobby, Crumbl, Chili's, Petco and More
- Just Off of US-101, a Major Highway Connecting Los Angeles to San Francisco With 143,600+ VPD | Population 49,900 Within 3 Miles | Average Household Income of $159,900 Within 1-Mile
- Morgan Hill In Santa Clara County, CA at the Southern End of Silicon Valley, Within the San Francisco Bay Area
- 7 Eleven is an Investment Grade Tenant With an S&P "A" Rating | Eleven is the World's Largest Convenience Retail Chain, With More Than 85,000 Stores Worldwide
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Vice President/District Manager
Financing By
Auto Service - Gas-Conv
7-ELEVEN | 2021 BUILD TO SUIT | +/-1.3-AC LOT | HIGH TRAFFIC LOCATION
Listing Price: $8,599,928
Cap Rate
4.63%
Tenant Name
7 Eleven
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
3,700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$107.62
Investment Highlights
- 2021 Build to Suit for 7-Eleven | Store Includes Gas Station, Car Wash and Full Convenience Store | 3,700-SF Building on a +/-1.31 Acre Parcel
- New 15-Year Absolute Net Lease With 11+ Yrs Remaining and No Landlord Responsibilities | 10% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options | Corporately Guaranteed Lease
- Located Within Evergreen Village, a New 20-Acre Mixed Use Center Featuring Retail, Restaurants, Office, Medical and More
- Heavy Development In the Area: Evergreen Village Has Four Projects Currently Under Construction Including TacoBell, Holiday Inn Express, Chick Fil A, and an 88 Unit Senior Living Facility | High Visibility Along Cochrane Road With 30,500+ Vehicles Per Day
- Hard, Signalized Corner Location With Easy Access From All Traffic Directions and Two Points of Ingress and Egress | Proximity to Multiple National Tenants Including Walmart Supercenter, Starbucks, McDonald's, Anytime Fitness, Target, Hobby Lobby, Crumbl, Chili's, Petco and More
- Just Off of US-101, a Major Highway Connecting Los Angeles to San Francisco With 143,600+ VPD | Population 49,900 Within 3 Miles | Average Household Income of $159,900 Within 1-Mile
- Morgan Hill In Santa Clara County, CA at the Southern End of Silicon Valley, Within the San Francisco Bay Area
- 7 Eleven is an Investment Grade Tenant With an S&P "A" Rating | Eleven is the World's Largest Convenience Retail Chain, With More Than 85,000 Stores Worldwide
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for 7-Eleven in Morgan Hill, CA.
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Vice President/District Manager
Financing By
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