Auto Service - Gas-Conv
7-Eleven - 10.9 Years Remaining on Absolute Net Lease
3005 N Boulder Hwy, Henderson, NV 89011
Listing Price: $3,300,000
Cap Rate
4.50%
Tenant Name
7-Eleven
Years Remaining On Lease
10.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,096.35
Lease Type
Absolute Net
Rent Per Square Feet
$49.34
Investment Overview
3005 North Boulder Highway, Henderson, NV 89011
7-Eleven - 10.9 Years Remaining on Absolute Net Lease
Investment Highlights
- CORPORATE GROUND LEASE | ABSOLUTE-NET WITH ZERO LANDLORD RESPONSIBILITIES: 10.9 Years Remaining on an Absolute Net Lease (Zero Landlord Responsibilities) Ground Lease
- 10% RENT INCREASES EVERY 5 YEARS | STRUCTURED INCOME GROWTH THROUGH 2061: Lease Includes Contractual 10% Bumps Every 5 Years Through Primary And Option Terms
- 2021 CONSTRUCTION | MODERN 7-ELEVEN PROTOTYPE WITH FUEL & FULL C-STORE FORMAT: Newer Built Facility (2021), Fueling Canopy + Store Format, With Strong Access And Visibility On North Boulder Highway
- HIGH TRAFFIC, HIGH VISIBILITY LOCATION | HENDERSON / BOULDER HIGHWAY CORRIDOR: Situated Along A Heavily Trafficked Route Into Denser Henderson/Las Vegas Suburban Areas; Retail & Convenience Demand Strong
- STRONG LOCAL DEMOGRAPHICS | ~285,000 RESIDENTS WITHIN 5 MILES: 5-Mile Population ~284,828 (2024); Income Rings In 1-,3-,5-Mile Rings Between ~$80,000-$90,000; Supports Essential Retail And Fuel Demand
- LAS VEGAS-HENDERSON MSA MOMENTUM | GROWING POPULATION & DIVERSIFIED ECONOMY: Las Vegas-Henderson-Paradise Metro Exceeds ~2.29 Million People; Employment Expanding In Retail, Food & Hospitality, Health Care & Social Assistance; Henderson Offers Strong Sub-market Growth
- ZERO LANDLORD CAPITAL EXPOSURE | PURE PASSIVE INCOME OPPORTUNITY: Under Ground Lease Structure Landlord Has No Responsibility For Insurance, Property Taxes, Roof Or Structure Repairs
- ESSENTIAL CONVENIENCE TENANT | BEST-IN-CLASS CREDIT & SCALE: 7-Eleven, Inc. Operates ~85,000 Stores Globally; U.S. Store Count ~12,800; 2024 Fiscal Year Revenue ~$80.27B; Corporate Guarantee on Lease
Exclusively Listed By
Auto Service - Gas-Conv
7-Eleven - 10.9 Years Remaining on Absolute Net Lease
Listing Price: $3,300,000
Cap Rate
4.50%
Tenant Name
7-Eleven
Years Remaining On Lease
10.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,096.35
Lease Type
Absolute Net
Rent Per Square Feet
$49.34
Investment Highlights
- CORPORATE GROUND LEASE | ABSOLUTE-NET WITH ZERO LANDLORD RESPONSIBILITIES: 10.9 Years Remaining on an Absolute Net Lease (Zero Landlord Responsibilities) Ground Lease
- 10% RENT INCREASES EVERY 5 YEARS | STRUCTURED INCOME GROWTH THROUGH 2061: Lease Includes Contractual 10% Bumps Every 5 Years Through Primary And Option Terms
- 2021 CONSTRUCTION | MODERN 7-ELEVEN PROTOTYPE WITH FUEL & FULL C-STORE FORMAT: Newer Built Facility (2021), Fueling Canopy + Store Format, With Strong Access And Visibility On North Boulder Highway
- HIGH TRAFFIC, HIGH VISIBILITY LOCATION | HENDERSON / BOULDER HIGHWAY CORRIDOR: Situated Along A Heavily Trafficked Route Into Denser Henderson/Las Vegas Suburban Areas; Retail & Convenience Demand Strong
- STRONG LOCAL DEMOGRAPHICS | ~285,000 RESIDENTS WITHIN 5 MILES: 5-Mile Population ~284,828 (2024); Income Rings In 1-,3-,5-Mile Rings Between ~$80,000-$90,000; Supports Essential Retail And Fuel Demand
- LAS VEGAS-HENDERSON MSA MOMENTUM | GROWING POPULATION & DIVERSIFIED ECONOMY: Las Vegas-Henderson-Paradise Metro Exceeds ~2.29 Million People; Employment Expanding In Retail, Food & Hospitality, Health Care & Social Assistance; Henderson Offers Strong Sub-market Growth
- ZERO LANDLORD CAPITAL EXPOSURE | PURE PASSIVE INCOME OPPORTUNITY: Under Ground Lease Structure Landlord Has No Responsibility For Insurance, Property Taxes, Roof Or Structure Repairs
- ESSENTIAL CONVENIENCE TENANT | BEST-IN-CLASS CREDIT & SCALE: 7-Eleven, Inc. Operates ~85,000 Stores Globally; U.S. Store Count ~12,800; 2024 Fiscal Year Revenue ~$80.27B; Corporate Guarantee on Lease
Investment Overview
3005 North Boulder Highway, Henderson, NV 89011
Exclusively Listed By
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