STREAM Capital Partners > Properties > All Properties > 7-Eleven

7-Eleven

Net Lease

855 East Main, Fernley, Nevada
Ownership Type:
Fee Simple
Price:
$4,131,000
Cap Rate:
5.50%
Current Rent:
$227,205
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9 years
Renewal Options:
5, 5-year options
Building Sq. Ft.:
2,443 SF
Rent Increases:
10% Every 5 years
Site Size:
0.57 Acres

Investment Highlights

  • Zero Landlord Responsibilities: Abs. NNN lease structure with 10% rent increases every 5 years providing completely passive ownership and rent growth over the term.
  • Investment Grade Credit Tenant: 7-Eleven, Inc. holds investment grade credit of A (S&P) providing a superior financial backing.
  • Established National Retail Footprint: Shares immediate cross-traffic with Lowe’s, Starbucks, Tractor Supply Company, Walgreens, and McDonald’s.
  • Strategic Market Positioning: The site is down the street from Lowe’s, Walmart, and Raleys, with other national retailers including Walgreens, McDonalds, Taco Bell, and Starbucks.
  • Long Term Site History and Commitment: 7-Eleven has operated at this site since 1981 and signed a long term extension in 2021, demonstrating their profitability and commitment to the location.
  • Affluent & Growing Consumer Base: Fernley is an affluent, growing suburban area outside of Reno, NV with an average household income of $98,300 within 3 miles of the site.
  • Income Tax Free State: Nevada is an income tax free state, providing additional ownership benefits.
Ownership Type:
Fee Simple
Price:
$4,131,000
Cap Rate:
5.50%
Current Rent:
$227,205
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9 years
Renewal Options:
5, 5-year options
Building Sq. Ft.:
2,443 SF
Rent Increases:
10% Every 5 years
Site Size:
0.57 Acres

Listing Agents

Dean Copans

Managing Director
650 465 3993[email protected]

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