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7-Eleven 3225 Mchenry Ave 3,000 SF Retail Building Modesto, CA 95350 $2,649,550 CAD ($883.18 CAD/SF) 4.69% Cap Rate
Investment Highlights
- High Foot Traffic: Ranks in the 80th percentile nationally and 77th percentile in the state (Alpha Maps), driving strong customer volume for this conv
- Hedge Against Inflation: 10% rental increases every 5 years provide built-in cash flow growth and protection against rising costs.
- High Traffic Volume & Visibility: McHenry Avenue is one of Modesto’s busiest thoroughfares with approximately 37,000+ average daily traffic counts, de
- Proven Location: 7-Eleven has successfully operated at this site for 12+ years, confirming long-term market viability and tenant commitment.
- Hard Signalized Corner: Prime accessibility and customer flow from surrounding residential neighborhoods and commercial areas at a signalized intersec
- Competitive Pricing & Accessibility: Modest acquisition price compared to many single-tenant net lease 7-Eleven investments, paired with multiple poin
Executive Summary
David Harrington
License # 01320460, 02168060
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- $37.65 CAD
- -
7-Eleven began in 1927 as an ice vendor in Dallas, Texas called Southland Ice Company. It eventually started selling food items like bread, milk, and eggs, which led to the first convenience stores. The name changed to 7-Eleven in 1946 to reflect the extended hours from 7 am to 11 pm. 7-Eleven grew rapidly in the following decades, pioneering ideas like 24/7 stores and to-go coffee. While it started in the US, it now has a significant global presence with stores in many countries. The stores sell a variety of products including snacks, beverages, prepared foods, and gasoline.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | $37.65 CAD | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 055-23-33 | Improvements Assessment | $748,728 CAD |
| Land Assessment | $552,912 CAD | Total Assessment | $1,301,639 CAD |
Property Taxes
Presented by
7-Eleven | 3225 Mchenry Ave
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