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Investment Highlights

  • 12+ Years Remaining | Scheduled Rental Increases | NNN Leased | Corporate Lease (S&P: A) | Established Brand | Bonus Depreciation
  • Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area
  • Located Along Auburn Street | Centralized Location | Strong National & Regional Tenants

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment-grade (S&P: A), freestanding, 7-Eleven investment property located in Colfax, CA (Sacramento MSA). The tenant has over 12 years of firm term remaining with 3 (5-year) option periods to extend. The lease features 7.50% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A) and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The offering features a freestanding 7-Eleven asset with 8 fueling stations. 7-Eleven is a well-recognized and established brand that franchises and/or licenses more than 78,000 stores worldwide.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,146 SF
Building Class
C
Year Built
1968
Price
$6,821,200 CAD
Price Per SF
$3,178.56 CAD
Cap Rate
5.50%
NOI
$375,166 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.55 AC
Zoning
CH - Highway Commercial District
Parking
9 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
172’ on AUBURN

Amenities

  • Freeway Visibility
  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

7-Eleven began in 1927 as a Dallas ice store and grew into a convenience retail chain built around long hours and quick purchases. The company helped pioneer the franchise model and now operates, franchises, and licenses stores under the 7-Eleven banner along with Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits. 7-Eleven’s business spans convenience foods and beverages, fuel, and branded foodservice, with store formats designed around fast, personalized convenience for everyday customers. Today, 7-Eleven is a global brand with a broad international presence and a long history of retail firsts that shaped the modern convenience store format.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100

Nearby Major Retailers

Starbucks
U.S. Bank

Property Taxes

Property Taxes

Parcel Number
100-240-024
Land Assessment
$696,977 CAD
Improvements Assessment
$1,623,854 CAD
Total Assessment
$2,320,831 CAD
  • Listing ID: 29785751

  • Date on Market: 2023-07-12

  • Last Updated:

  • Address: 400 S Auburn St, Colfax, CA 95713

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