Skip to main content

Auto Service - Gas-Conv

7-Eleven | NNN | Dense Industrial Submarket Location | Less than 10 Minutes from Downtown Phoenix

4101 N 27th Ave, Phoenix, AZ 85017

Listing Price: $1,769,000

Cap Rate
4.50%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Absolute Net
Rent Per Square Feet
$33.17

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net-leased 7-Eleven in Phoenix, Arizona. The investment provides an opportunity to acquire a best-in-class tenant in an infill location on a heavily trafficked corridor in the attractive metro of Phoenix, Arizona. The property features zero landlord responsibilities and is a perfect opportunity for a passive investor. Featuring strong real estate fundamentals there are nearly 75,000 vehicles passing by the site daily at the hard corner signalized intersection, which showcases the visibility this property receives. The property is strategically located within a commercial corridor that has a synergistic mix of both retail as well as large industrial parks surrounded by dense residential neighborhoods and apartment communities. This complimentary mix provides the subject property with a strong and diverse customer base with strong daytime and nighttime populations as evidenced by the location operating 24 hours a day. Nearly 95,000 people live within a 2-mile radius of the property and that population density allows the site to benefit from a captive consumer that is always nearby. 7-Eleven has shown strong commitment to site with early renewals which provides security to an incoming investor as there are still over 6.25 years of firm term remaining on the lease with several option periods remaining each with 10% rental bumps. The investment delivers an investment grade credit tenant located within an attractive western metro with long term lease security and complete passivity with zero landlord responsibilities.

Investment Highlights

  • Dense Industrial Submarket: Within a 3-mile radius there is approximately 26M square feet of industrial and flex space across various industrial parks
  • Long-Term Lease: 7-Eleven currently has approximately 6+ years firm term lease remaining, as well as three, five-year options to renew; potentially extending the lease out until December 2042
  • Zero Landlord Responsibilities: 7-Eleven is responsible for all common area maintenance, insurance, real estate taxes as well as the roof and all structural components
  • Corporate Guarantee: The Property's lease is guaranteed by 7-Eleven, Inc. 7-Eleven is the premier name and largest chain the in the convenience-retailing industry. 2020 revenues were in excess of $64 billion
  • Dense Metro Demographics: The Property experiences approximately 75,000 vehicles-per-day at the intersection of N 27th Avenue and West Indian School Road. Within a two-mile radius there are about 95,000 people with an average household income of $52,000
  • Retail Destination Corridor: The Property is in close proximity to various national retailers including: Costco, Burger King, McDonald's, Advanced Auto Parts, AutoZone, Chase Bank, DD's Discounts, Krispy Kreme, Little Caesar's, Rent-A-Center, Family Dollar, and T-Mobile

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Auto Service - Gas-Conv

7-Eleven | NNN | Dense Industrial Submarket Location | Less than 10 Minutes from Downtown Phoenix

Listing Price: $1,769,000

Cap Rate
4.50%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Absolute Net
Rent Per Square Feet
$33.17

Investment Highlights

  • Dense Industrial Submarket: Within a 3-mile radius there is approximately 26M square feet of industrial and flex space across various industrial parks
  • Long-Term Lease: 7-Eleven currently has approximately 6+ years firm term lease remaining, as well as three, five-year options to renew; potentially extending the lease out until December 2042
  • Zero Landlord Responsibilities: 7-Eleven is responsible for all common area maintenance, insurance, real estate taxes as well as the roof and all structural components
  • Corporate Guarantee: The Property's lease is guaranteed by 7-Eleven, Inc. 7-Eleven is the premier name and largest chain the in the convenience-retailing industry. 2020 revenues were in excess of $64 billion
  • Dense Metro Demographics: The Property experiences approximately 75,000 vehicles-per-day at the intersection of N 27th Avenue and West Indian School Road. Within a two-mile radius there are about 95,000 people with an average household income of $52,000
  • Retail Destination Corridor: The Property is in close proximity to various national retailers including: Costco, Burger King, McDonald's, Advanced Auto Parts, AutoZone, Chase Bank, DD's Discounts, Krispy Kreme, Little Caesar's, Rent-A-Center, Family Dollar, and T-Mobile

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net-leased 7-Eleven in Phoenix, Arizona. The investment provides an opportunity to acquire a best-in-class tenant in an infill location on a heavily trafficked corridor in the attractive metro of Phoenix, Arizona. The property features zero landlord responsibilities and is a perfect opportunity for a passive investor. Featuring strong real estate fundamentals there are nearly 75,000 vehicles passing by the site daily at the hard corner signalized intersection, which showcases the visibility this property receives. The property is strategically located within a commercial corridor that has a synergistic mix of both retail as well as large industrial parks surrounded by dense residential neighborhoods and apartment communities. This complimentary mix provides the subject property with a strong and diverse customer base with strong daytime and nighttime populations as evidenced by the location operating 24 hours a day. Nearly 95,000 people live within a 2-mile radius of the property and that population density allows the site to benefit from a captive consumer that is always nearby. 7-Eleven has shown strong commitment to site with early renewals which provides security to an incoming investor as there are still over 6.25 years of firm term remaining on the lease with several option periods remaining each with 10% rental bumps. The investment delivers an investment grade credit tenant located within an attractive western metro with long term lease security and complete passivity with zero landlord responsibilities.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

MM Texture Background
MM Textured Background Lower