Auto Service - Gas-Conv

7-Eleven with Gas Station | Sacramento MSA | 15 Year NNN Lease | Signalized Hard Corner Location

Chiles Rd, Davis (Sacramento MSA), CA 95618

Listing Price: $6,825,000

Cap Rate
4.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.1
Gross SF
2,336
Guarantor
Corporate Guarantee
Rentable SF
2,336
Price/Gross SF
$2,921.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$116.87

Investment Overview

Davis is a city in the U.S. state of California and the most populous city in Yolo County. The City is 11 miles west of Sacramento, 70 miles northeast of San Francisco, 385 miles north of Los Angeles, at the intersection of Interstate 80 and State Route 113. Davis is noted for its desirable quality of life, its seeming small town atmosphere, and an emphasis on parks and open spaces. Davis’ parks contain picnic facilities, ball fields and swimming pools. The Davis Farmers Market is held year-round on Wednesdays and Saturdays in Central Park. It is a unique shopping experience. In addition to fresh fruits and vegetables sold by local farmers, often organic, attendees can find gourmet foods, live entertainment, specialty products, and arts and crafts. Davis is also known for its innovation in all aspects of community life as a leader in fostering and implementing non-traditional approaches to traditional problems. Known as an environmentally aware and socially innovative city, Davis boasts more than 50 miles of bicycle paths and more bicycles per capita than any other city in the nation. Residents of Davis are active in local, national, and international political causes, sports, arts, and community organizations.

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 Construction with Gas Station.
  • 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • Ranked #159 on Fortune 500 List. S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $63.74 Billion.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Combined Daily Traffic Counts Exceeding 21k Vehicles. Immediate Access to Interstate-80 (149k+ VPD).
  • Densely Populated and Very Affluent Area: Features an Average Household Income of $153k+ within a 1-Mile Radius and more than 78k People Residing within a 5-Mile Radius.
  • Minutes from University of California Davis - One of the World's Leading Cross-Disciplinary Research and Teaching Institutions. It has the 3rd-Largest Enrollment in the UC System after UCLA and UC Berkeley (39k+ Students).
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Toyota, Chrysler, Jeep, Dodge, Honda, Chevrolet, Nissan, Audi, Caliber Collision, Enterprise and more.

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven with Gas Station | Sacramento MSA | 15 Year NNN Lease | Signalized Hard Corner Location

Listing Price: $6,825,000

Cap Rate
4.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.1
Gross SF
2,336
Guarantor
Corporate Guarantee
Rentable SF
2,336
Price/Gross SF
$2,921.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$116.87

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 Construction with Gas Station.
  • 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • Ranked #159 on Fortune 500 List. S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $63.74 Billion.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Combined Daily Traffic Counts Exceeding 21k Vehicles. Immediate Access to Interstate-80 (149k+ VPD).
  • Densely Populated and Very Affluent Area: Features an Average Household Income of $153k+ within a 1-Mile Radius and more than 78k People Residing within a 5-Mile Radius.
  • Minutes from University of California Davis - One of the World's Leading Cross-Disciplinary Research and Teaching Institutions. It has the 3rd-Largest Enrollment in the UC System after UCLA and UC Berkeley (39k+ Students).
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Toyota, Chrysler, Jeep, Dodge, Honda, Chevrolet, Nissan, Audi, Caliber Collision, Enterprise and more.

Investment Overview

Davis is a city in the U.S. state of California and the most populous city in Yolo County. The City is 11 miles west of Sacramento, 70 miles northeast of San Francisco, 385 miles north of Los Angeles, at the intersection of Interstate 80 and State Route 113. Davis is noted for its desirable quality of life, its seeming small town atmosphere, and an emphasis on parks and open spaces. Davis’ parks contain picnic facilities, ball fields and swimming pools. The Davis Farmers Market is held year-round on Wednesdays and Saturdays in Central Park. It is a unique shopping experience. In addition to fresh fruits and vegetables sold by local farmers, often organic, attendees can find gourmet foods, live entertainment, specialty products, and arts and crafts. Davis is also known for its innovation in all aspects of community life as a leader in fostering and implementing non-traditional approaches to traditional problems. Known as an environmentally aware and socially innovative city, Davis boasts more than 50 miles of bicycle paths and more bicycles per capita than any other city in the nation. Residents of Davis are active in local, national, and international political causes, sports, arts, and community organizations.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower