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7-Eleven 3311 S 700 E 3,025 SF Retail Building Salt Lake City, UT 84106 $3,386,502 CAD ($1,119.50 CAD/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 7-Eleven Gas and C Store – Corporate Lease - Strong Store Sales
- Investment Grade Credit Rating S&P: A (Moody’s: Baa2)
- Located in community of Millcreek in Salt Lake City MSA Population Exceeding 1.2M
- 12+ Lease Years Remaining in the Primary Term - Two 5-Year Options
- Largest C-Store Brand Worldwide – Over 13,000 Stores in U.S and Canada
- Below Market Rent and Low Price Point – Low Downside Risk & Long Term Upside
EXECUTIVE SUMMARY
7-Eleven has occupied the subject property since 2012 and the lease has over 12 years remaining in the primary term. With a corporate signed lease, strong rent increases and NNN Lease with Landlord only responsible for structure and foundation this asset is ideal for an investor seeking passive cash flows for years to come.
The 3,025 SF building on 0.61-acre parcel with 6 fuel pumps is located on the hard corner signalized intersection of 3300 South & South 700 East which has a combined traffic count exceeding 58,800 VPD and prospers from great visibility and access. Nearby retailers include The Home Depot, Harmons Grocery, Rancho Markets, HomeGoods, Walgreens, Wells Fargo, Chase Bank, McDonald’s, Starbucks, Burger King and more.
This is an excellent opportunity to acquire a net leased 7-Eleven with a recently renewed lease, an option to extend, rent increases, corporate guarantee, and limited landlord responsibilities, providing years of inflation resistant income.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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$9.99
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Lorem Ipsum
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Jan 0000
In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $625,504 CAD | |
| Land Assessment | $2,730,714 CAD | Total Assessment | $3,356,218 CAD |
PROPERTY TAXES
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7-Eleven | 3311 S 700 E
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