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New 10 Year Absolute NNN Leased 7-Eleven 636 N Vine Ave 2,418 SF Retail Building Ontario, CA 91762 $3,899,841 CAD ($1,612.84 CAD/SF) 5.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Obligations
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- New 10-Year Lease Extension with 10% Increases Every 5 Years
- Corporate Guarantee – Backed by 7-Eleven, Inc.
- Long-Term Operating History – Established in 1967
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to acquire a corporate guaranteed 7-Eleven property located in Ontario, California. This well-established location has operated since 1967 and recently secured a new 10-year lease extension, demonstrating the tenant’s long-term commitment to the site. The lease is structured as an absolute NNN lease, offering zero landlord responsibilities and includes 10% rental increases every five years, along with three (3) additional five year renewal options.
Strategically positioned near a signalized intersection, the property benefits from strong visibility and consistent traffic exposure. It is surrounded by a mix of national retailers including Smart & Final Extra!, Walgreens, AutoZone, Little Caesars, and O’Reilly Auto Parts, creating a well-rounded retail environment that drives daily consumer activity. The site also benefits from close proximity to De Anza Middle School and Chaffey High School, with a combined enrollment of approximately 4,000 students, further reinforcing steady foot traffic throughout the day. The surrounding 3-mile trade area is home to over 197,119 residents with an average household income of $$95,068.
Strategically positioned near a signalized intersection, the property benefits from strong visibility and consistent traffic exposure. It is surrounded by a mix of national retailers including Smart & Final Extra!, Walgreens, AutoZone, Little Caesars, and O’Reilly Auto Parts, creating a well-rounded retail environment that drives daily consumer activity. The site also benefits from close proximity to De Anza Middle School and Chaffey High School, with a combined enrollment of approximately 4,000 students, further reinforcing steady foot traffic throughout the day. The surrounding 3-mile trade area is home to over 197,119 residents with an average household income of $$95,068.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,418 SF
Building Class
C
Year Built
1967
Price
$3,899,841 CAD
Price Per SF
$1,612.84 CAD
Cap Rate
5.25%
NOI
$204,742 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.29 AC
Opportunity Zone
Yes
Parking
12 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1048-341-01 | Improvements Assessment | $188,435 CAD |
| Land Assessment | $61,624 CAD | Total Assessment | $250,059 CAD |
PROPERTY TAXES
Parcel Number
1048-341-01
Land Assessment
$61,624 CAD
Improvements Assessment
$188,435 CAD
Total Assessment
$250,059 CAD
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New 10 Year Absolute NNN Leased 7-Eleven | 636 N Vine Ave
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