3210-3220 N Lake Blvd
Tahoe City, CA 96145
7-Eleven | Lake Tahoe | Abs NNN | S&P A- · Retail Property For Sale

Faris Lee Investments is pleased to present the opportunity to acquire a rare fee simple interest in a nationally recognized, investment-grade retail asset anchored by 7-Eleven, one of the world’s largest convenience store operators and a wholly owned subsidiary of Seven & i Holdings (Tokyo Stock Exchange: 3382; S&P: A-). Strategically positioned within the highly supply-constrained Lake Tahoe trade area, the property benefits from exceptional real estate fundamentals driven by strict development restrictions, affluent surrounding demographics, and year-round tourism. 7-Eleven has successfully operated at this proven location since 1969 (57 years), demonstrating more than five decades of continuous occupancy while serving both the affluent local community and over 15 million visitors per year drawn to Lake Tahoe’s premier recreational destinations. The property enjoys excellent visibility along North Lake Boulevard, the region’s primary commercial corridor, and is surrounded by established residential neighborhoods, schools, parks, and recreational amenities that generate consistent customer traffic throughout the year.
The investment is secured by a corporate-executed lease featuring approximately four years of remaining primary term and two additional five-year renewal options at fair market value, providing investors with the opportunity for long-term income stability. The lease is structured as an absolute triple-net (NNN) lease, with 7-Eleven responsible for their pro rata share of operating expenses, repairs, maintenance, roof, parking lot, landscaping, taxes, insurance, and utilities, creating a truly passive ownership opportunity with virtually no landlord responsibilities. As one of the largest convenience store operators in the world, with more than 85,000 locations across 19 countries and approximately $114 billion in annual revenue, 7-Eleven provides exceptional corporate credit strength and dependable cash-flow backed by an internationally recognized retailer.
The offering includes fee simple ownership of both the land and improvements within one of Northern California’s most protected and difficult-to-replicate retail markets. Development restrictions throughout the Lake Tahoe Basin significantly limit future commercial construction, creating substantial barriers to entry and enhancing the long-term intrinsic value of existing retail assets. Having traded only twice over the past 50 years, the property represents an exceptionally rare investment opportunity within a market where available inventory is extremely limited. Supported by an affluent trade area with average household incomes exceeding $179,000 within a three-mile radius, average home values exceeding $2.5 million within one mile, and consistent year-round tourism generated by world-class skiing, recreation, and lakefront attractions, this offering provides investors with a secure, passive investment backed by both exceptional corporate credit and irreplaceable real estate fundamentals.