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

7-Eleven

Net Lease

5099 E. Bonanza Road, Las Vegas, Nevada
Ownership Type:
Fee Simple
Price:
$3,927,000
Cap Rate:
5.00%
Current Rent:
$196,350
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 10 years
Renewal Options:
5, 5-year
Building Sq. Ft.:
3,180 SF
Rent Increases:
10% every 5 years during primary term
Site Size:
.59 Acres

Investment Highlights

  • INVESTMENT GRADE CREDIT: 7-Eleven has an S&P rating of A, 7-eleven is the largest c-store retail chain in the world with 77,000+ stores worldwide; 13,000+ locations in North America
  • NNN LEASE: Zero landlord responsibilities
  • LONG-TERM COMMITMENT: 7-Eleven has operated at this site continuously since 1985 and executed a new 15 year lease in 2021
  • REGULAR RENTAL INCREASES: 10% every 5 years during the Base Term; 7.5% at the commencement of the first 4 0ptions, and conversion to FMV at the 5th option.
  • SITE QUALIFIES FOR BONUS DEPRECIATION: 100% accelerated bonus depreciation has been restored in light of new tax legislation.
  • STRONG CORNER LOCATION: Site is strategically located at the intersection of East Bonanza Rd and N Nilles, Blvd, boasting 74,900 vehicles per day
  • DENSELY POPULATED AREA: The Property will benefit from the excellent surrounding demographics, with a 3-mile population of 220,000 earning an average household income of $60,700.
Ownership Type:
Fee Simple
Price:
$3,927,000
Cap Rate:
5.00%
Current Rent:
$196,350
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 10 years
Renewal Options:
5, 5-year
Building Sq. Ft.:
3,180 SF
Rent Increases:
10% every 5 years during primary term
Site Size:
.59 Acres

Listing Agents

Dean Copans

Managing Director
650 465 3993[email protected]

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