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7-Eleven

2701 Lancaster Ave, Wilmington, DE 19805

Listing Price: $1,400,000

Cap Rate
5.50%
Tenant Name
7-Eleven
Years Remaining On Lease
3.8
Gross SF
2,871
Guarantor
Corporate Guarantee
Rentable SF
2,871
Price/Gross SF
$487.63
Lease Type
Double Net
Rent Per Square Feet
$26.82

Investment Overview

Location Highlights: • Centralized Location l Two miles from Downtown Wilmington (69.5K Population) • Highly Trafficked Location l 7-Eleven sits on Lancaster Avenue with Average Traffic Counts of 27K Vehicles Per Day • Dense, Middle-Class Demographics l Average Household Income is $79K across a Population of 198K Residents within a 5-mile trade radius • Major Retailers l Subject Site is surrounded by other prominent retailers including Dunkin’ Donuts, Walgreens, Enterprise Rent-A-Car, KFC, & Dollar General Tenant & Brand Highlights: • Background – 7-Eleven was founded in 1927 and has over 68,000 locations across 17 countries globally today • Tenant Status – The 24 hours-a-day retailer is the world’s largest operator, franchisor and licensor of convenience stores. • Track Record – 7-Eleven, Inc. has reported revenues of over $5.1 Billion has an S&P Credit Rating of “AA- “ • Tenant Accolades – Ranked #1 on Entrepreneur magazine’s 2017 Top Global Franchises List; Ranked #1 spot on Entrepreneur magazine’s Franchise 500’s Top 10 Most Popular Retail Companies for 2016, and No.2 in Forbes magazine’s Top 20 Franchises to Start

Investment Highlights

  • Corporate Lease with over (4) Years Remaining on Term
  • (NN) Lease with Minimal Landlord Responsibilities
  • Strong Roots in Submarket having Operated at this Site for (10) Years
  • Essential Retailer: Tenant has been open, operating, and paying rent
  • Attractive Rental Increase of Ten Percent (10%) in the (5) Year Option Term

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s) DE: RB-0002461

    Delaware

Financing By

Listing Price: $1,400,000

Cap Rate
5.50%
Tenant Name
7-Eleven
Years Remaining On Lease
3.8
Gross SF
2,871
Guarantor
Corporate Guarantee
Rentable SF
2,871
Price/Gross SF
$487.63
Lease Type
Double Net
Rent Per Square Feet
$26.82

Investment Highlights

  • Corporate Lease with over (4) Years Remaining on Term
  • (NN) Lease with Minimal Landlord Responsibilities
  • Strong Roots in Submarket having Operated at this Site for (10) Years
  • Essential Retailer: Tenant has been open, operating, and paying rent
  • Attractive Rental Increase of Ten Percent (10%) in the (5) Year Option Term

Investment Overview

Location Highlights: • Centralized Location l Two miles from Downtown Wilmington (69.5K Population) • Highly Trafficked Location l 7-Eleven sits on Lancaster Avenue with Average Traffic Counts of 27K Vehicles Per Day • Dense, Middle-Class Demographics l Average Household Income is $79K across a Population of 198K Residents within a 5-mile trade radius • Major Retailers l Subject Site is surrounded by other prominent retailers including Dunkin’ Donuts, Walgreens, Enterprise Rent-A-Car, KFC, & Dollar General Tenant & Brand Highlights: • Background – 7-Eleven was founded in 1927 and has over 68,000 locations across 17 countries globally today • Tenant Status – The 24 hours-a-day retailer is the world’s largest operator, franchisor and licensor of convenience stores. • Track Record – 7-Eleven, Inc. has reported revenues of over $5.1 Billion has an S&P Credit Rating of “AA- “ • Tenant Accolades – Ranked #1 on Entrepreneur magazine’s 2017 Top Global Franchises List; Ranked #1 spot on Entrepreneur magazine’s Franchise 500’s Top 10 Most Popular Retail Companies for 2016, and No.2 in Forbes magazine’s Top 20 Franchises to Start

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s): DE: RB-0002461

    Delaware

Financing By

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