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NNN
7-Eleven Corporate
Orlando, FL
Established 7-Eleven located on hard signazlied
corner in Orlando, FL for $1,260,000 /7.10%
CAP. There are 1+ year remaining on the lease
with 3x5 year options. 7-Eleven has been at
this location for 29 yrs (since 1983) and Sales
are Strong. 7-Eleven is the World's Largest
Convenience Retail Chain and Investment Grade
S&P Rated AA-. Zero Landlord Obligations.
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| Price: |
$1,260,000 |
| NOI: |
$89,446 |
| CAP: |
7.10%
|
| Building
Size: |
2,509±
SF |
| Years on
Lease: |
1.1±
Years |
| Options: |
3 x 5
year |
| Gas: |
YES |
| LL Responsible: |
None |
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| Price: |
$890,000 |
| NOI: |
$53,280 |
| CAPI: |
6.0% |
| Building
Size: |
2,400±
SF |
| Rent Increases: |
11% |
| Years on
Lease: |
11±
Years |
| Gas: |
NO |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
Nags Head (Manteo), NC
Absolute NNN Corporate 7-Eleven with 11.9±
years remaining on Lease and 11% rent increases
every 5 years with 3x5 year options to renew
(CPI rent increases in optoins). 7-Eleven is
the World's Largest Convenience Retail Chain
and Investment Grade S&P Rated AA-. Zero
Landlord Obligations.
|
| Price: |
$510,000 |
| NOI: |
$29,880 |
| CAP: |
5.86% |
| Years on
Lease: |
11.9±
Years |
| Lot Size:
|
39,291±
SF |
| Rent Increases: |
11% Every
5 |
| Gas: |
YES |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
Hampton, VA
Absolute NNN 7-Eleven Corporate with 0.5 years
remaining on Lease. Zero Landlord Obligations.
There 3x5 year options to renew with CPI rent
increases. Excellent location with very strong
store sales - over $1.4M. 7-Eleven is the World's
Largest Convenience Retail Chain and Investment
Grade S&P Rated AA-.
|
| Price: |
$550,000 |
| NOI: |
$32,280 |
| Building
Size: |
2,400±
SF |
| Rent Increases: |
11% Every
5 |
| Years on
Lease: |
0.5±
Years |
| Gas: |
YES |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
Phoenix, AZ
Absolute NNN 7-Eleven Corporate with 8.3 years
remaining on a 15 year Lease and 11% rent increases
every 5-years. 11% Rent Bump in 3.3 yrs increases
CAP to 6.52%. High Store Sales - Over $1.2M.
3 x 5 year options to renew with CPI rent bumps.
7-Eleven is the World's Largest Convenience
Retail Chain and Investment Grade S&P Rated
AA-.
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| Status: |
SOLD |
| Price: |
$680,000 |
CAP: |
5.88% |
| Building
Size: |
2,400±
SF |
| Rent Increases: |
11% Every
5 |
| Years on
Lease: |
8.3±
Years |
| Gas: |
NO |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
Portland, OR
Absolute NNN 7-Eleven Corporate with 8.8 years
remaining on a 15 year Lease and 11% rent increases
every 5 years. Very High Barriers to Entry with
High Store Sales - over $1.550M. 3x5 year options
to renew with CPI rent bumps. 7-Eleven is the
World's Largest Convenience Retail Chain and
Investment Grade S&P Rated AA-.
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| Price: |
$780,000 |
| NOI: |
$46,176 |
| Building
Size: |
2,600±
SF |
| Lot Size:
|
10,950±
SF |
| Rent Increases: |
11% Every
5 |
| Years on
Lease: |
8.8±
Years |
| Gas: |
NO |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
Tustin, CA
Absolute NNN 7-Eleven Corporate with 13.8 years
remaining on a 15 year Lease and 11% rent increases
every 5 years. Very High Barriers to Entry with
High Store Sales - over $1.2M. 3x5 year options
to renew with CPI rent bumps. 7-Eleven is the
World's Largest Convenience Retail Chain and
Investment Grade S&P Rated AA-.
|
| Status: |
SOLD |
| Price: |
$1,000,000 |
| NOI: |
$58,392 |
| Building
Size: |
2,654±
SF |
| Rent Increases: |
11% Every
5 |
| Years on
Lease: |
13.8±
Years |
| Gas: |
NO |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
Costa Mesa, CA
Absolute NNN 7-Eleven Corporate located in Costa
Mesa, CA for $1,565,000/5.8% CAP with 12.7 yrs
remaining on a 15 year Lease and 11% bumps every
5 years. High Barriers to Entry with High Store
Sales - Over $1.65M. 3x5 year options to renew
with CPI rent bumps. Affluent,
densely populated location with over 23,000
people in a 1-mile radius and an Avg Household
Income of $80,432.
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NNN
7-Eleven Corporate
San Fernando (Sylmar), CA
Absolute NNN 15 year 7-Eleven Corporate. Extremely
High Store Sales-over $2.250M. There
are 11% rent increases every 5 years and 3x5
year options to renew with CPI rent increases.
7-Eleven is the World's Largest Convenience
Retail Chain and Investment Grade S&P Rated
AA-. Zero Landlord Obligations.
|
| Status: |
SOLD |
| Price: |
$1,375,000 |
| NOI: |
$77,760 |
| Building
Size: |
2,592±
SF |
| Rent Increases: |
11% Every
5 |
| Years on
Lease: |
15±
Years |
| Gas: |
YES |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
San Diego (Imperial Beach)
Absolute NNN 7-Eleven Corporate with 10.8 years
on Lease and 11% rent increases every 5 years
(rent will be $49,550 in 8 months/6% CAP). Very
High Barriers to Entry with High Store Sales
- Over $1.4M. 3 x 5 year options to renew with
CPI rent bumps. 7-Eleven is the World's Largest
Convenience Retail Chain and Investment Grade
S&P Rated AA-.
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| Status: |
SOLD |
| Price: |
$820,000 |
| NOI: |
$44,640 |
| Building
Size: |
2,400±
SF |
| Rent Increases: |
11% Every
5 |
| Years on
Lease: |
10.8±
Years |
| Gas: |
NO |
| LL Responsible: |
None |
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NNN
7-Eleven Corporate
"Off Market"
Essex, MD
Rare low price point, Absolute NNN corporate
7-Eleven with strong store sales and great location.
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-.
7-Eleven is the World's Largest Convenience
Retail Chain and Investment Grade S&P Rated
AA-. |
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NNN
7-Eleven Corporate
"Off Market"
Sarasota, FL
Absolute
NNN Corporate 7-Eleven - 10.2 yrs remaining
on a 15 year lease with 11% rent increases every
five years and 3 x 5 year options to renew.
Zero Landlord Responsibilities. Demos are
very strong, within a 1-mile radius the total
daytime population is 32,548 with an avg household
income of $85,394. 7-Eleven is an Investment
Grade Tenant, S&P Rated AA-.
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| Status: |
SOLD |
| Price: |
$695,000 |
| NOI: |
$50,175 |
| Cap Rate: |
7.22% |
| Building Size: |
2,659±
SF |
| Guarantor: |
Corporate |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Staunton, VA
Rare low price point, absolute NNN corporate
7-Eleven with strong store sales and great location.
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-. 7-Eleven recently
exercised their first 5-year Option. |
SOLD |
| Close
of Escrow: |
4/15/11 |
| Price: |
$390,000 |
| NOI: |
$30,457 |
| Cap Rate: |
7.81% |
| Building
Size: |
2,632± SF |
| Primary
Type: |
Gas
Station |
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NNN
7-Eleven Corporate
"Off Market"
Feasterville (Philadelphia), PA
Corporate absolute NNN 7-Eleven Lease with rent
increases. 4+ years remaining on Lease and strong
store sales. Next to McDonald's, CVS, Sunoco
and more. 7-Eleven is an investment grade tenant,
S&P Rated AA-. |
SOLD |
| Close
of Escrow: |
3/28/11 |
| Price: |
$845,000 |
| NOI: |
$64,122 |
| Cap Rate: |
7.59% |
| Building
Size: |
2,600± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate "
Off Market"
Deerfield Beach (Ft. Lauderdale), FL
Rare South Florida Beach Location. Corporate
absolute NNN lease with rent increases. Very
strong store sales. 7-Eleven is S&P Rated
AA-.
|
SOLD |
| Asking
Price: |
$1,200,000 |
| NOI: |
$76,800 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Chesire, CT
Corporate absolute NNN 7-Eleven Lease with rent
increases. 3.2 years remaining on the primary
term with 2 x 5 yr options to renew. 7-Eleven
is an investment grade tenant, S&P Rated
AA-. |
SOLD |
| Price: |
$545,000 |
| NOI: |
$48,404 |
| Cap Rate: |
8.88% |
| Building
Size: |
2,800± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Santa Cruz, CA
Rare Northern California Real Estate. Corporate
absolute NNN lease with rent increases. 7-Eleven
is an investment grade tenant, S&P Rated
AA-. Very high store sales. |
SOLD |
| Close
of Escrow: |
10/15/10 |
| Asking
Price: |
$1,025,000 |
| NOI: |
$57,010 |
| Cap Rate: |
5.56% |
| Building
Size: |
2140± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Fairfield, CT
Rare CT Beach Location. Corporate absolute NNN
lease with rent increases. 7-Eleven is an investment
grade tenant, S&P Rated AA-. |
SOLD |
| Close
of Escrow: |
10/15/10 |
| Asking
Price: |
$965,000 |
| NOI: |
$58,176 |
| Cap Rate: |
6% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Vero Beach, FL
Rare Beach location with gas! Strong store sales
and A+ location. Corporate absolute NNN lease
with 13% rent increases every 5 years. 7-Eleven
is an investment grade tenant, S&P Rated
AA-. |
SOLD |
| Close
of Escrow: |
10/15/10 |
| Asking
Price: |
$850,000 |
| NOI: |
$49,560 |
| Cap Rate: |
5.8% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Gas
Station |
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NNN
7-Eleven Corporate "Off
Market"
Spotsylvania, VA
Corporate absolute NNN lease with rent increases.
7-Eleven is an investment grade tenant, S&P
Rated AA-.
|
SOLD |
| Close
of Escrow: |
9/10/2010 |
| Asking
Price: |
$700,000 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Gas
Station |
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NNN
7-Eleven Corporate "Off
Market"
Annandale, VA (DC Metro)
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-.
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SOLD |
| Close
of Escrow: |
9/9/2010 |
| Asking
Price: |
$1,200,000 |
| Cap Rate: |
5% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Lorton, VA
Corporate absolute NNN lease with rent increases.
7-Eleven is an investment grade tenant, S&P
Rated AA-.
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SOLD |
| Close
of Escrow: |
9/9/2010 |
| Asking
Price: |
$820,000 |
| Cap Rate: |
6% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Washington, DC
A+ metro location. Absolute NNN Corporate 7-Eleven,
investment greade tenant, S&P Rated AA-.
Short term remaining on the lease and an extremely
high store sales. Dense infill location.
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SOLD |
| Asking
Price: |
$900,000 |
| Building
Size: |
2,400 ± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate "Off
Market"
Triangle, VA
Corporate absolute NNN lease with rent increases.
7-Eleven is an investment grade tenant, S&P
Rated AA-. |
SOLD |
| Asking
Price: |
$700,000 |
| Building
Size: |
2,400 ± SF |
| Primary
Type: |
Free
Standing |
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NNN
7-Eleven Corporate
"Off Market"
Elmwood Park, NJ
A+ Location. Corporate absolute NNN lease with
rent increases. 7-Eleven is an investment grade
tenant, S&P Rated AA-. |
SOLD |
| Asking
Price: |
$1,150,000 |
| NOI: |
$94,537 |
| Building
Size: |
3,000± SF |
| Primary
Type: |
Free
Standing |
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What
is a NNN Lease?
In a triple-net lease (NNN), the tenant pays
all the operating expenses, property taxes,
utilities, insurance premiums, maintenance and
repairs. The landlord gets to collect monthly
net rental income just as he or she would with
a traditional real estate investment. Such a
lease usually extends over the long term, with
a financially strong corporate entity guaranteeing
a lease anywhere from 10-25 years. NNN’s
are typically purchased on a cap rate. A cap
rate is essentially a yield which is determined
by dividing the tenant’s annual rent by
the purchase price. For example, if 7-Eleven
is paying $50,000 annually and the purchase
price is $769,230 the CAP rate is 6.50% ($50,000/$769,230).
Example:
7-Eleven is your tenant for a guaranteed 15-year
period. The Tenant is responsible for all costs
to operate and maintain the property, this is
sometimes referred to as an “Absolute”
Triple-Net lease because the only management
required is paying the mortgage (if there is
one) and receiving the rent checks. Triple-Net
lease ownership is great for first-time real
estate investors as well as for long time investors
seeking purchase or trade into less complicated
real estate investments. In many cases, when
the lease expires, you will own the property
free and clear.
The
price range for a NNN lease property is generally
between $1 million - $7 million. The fast food
restaurants and auto stores and are the most
affordable, while drugstores are on the higher
end. Big box retailers such as Home Depot, Lowe’s,
and Publix can bring from $15 million to $25
million. |