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7-Eleven Ground Lease 1911 Cosumnes River Blvd

3,000 SF Retail Building Sacramento, CA 95832 $11,584,517 CAD ($3,862 CAD/SF) 4.75% Cap Rate

Investment Highlights

  • 15-year ground lease with minimal landlord responsibilities
  • 7-Eleven is the largest convenience store chain in the United States that licenses or franchises over 12,800 locations
  • Seven and i Holdings Co., LTD, a Japanese diversified parent company (Parent), reported companywide revenue across seven business segments of $86.5 B
  • 10% rental increases every 5 years throughout the lease providing solid rent growth and a hedge against inflation
  • The tenant, 7-Eleven, Inc., maintains an S&P investment grade credit rating of “A” with a “stable” outlook
  • Brand-new, high-quality construction convenience store including car wash, Chevron fuel canopy w/ 10 pumps, two EV charging stations & 17 car stalls

Executive Summary

The 7-Eleven property is part of an emerging commercial corridor on the signalized intersection of Cosumnes River Blvd and Delta Shores Circle North adjacent to the on/off ramp of Interstate 5, with traffic counts of 11,300 VPD. Interstate 5 boasts traffic counts of 114,800 VPD. Neighboring tenants include a Walmart Supercenter, Starbucks, In-n-Out, Chick-fil-A, Taco Bell, Panera, Dick’s Sporting Goods, Hobby Lobby, Petsmart, At Home, and many other national tenants. The site is surrounded by the Delta Shores Community, which is the largest remaining in-fill site to be master-planned in the City of Sacramento.
The residential land is part of an 800-acre mixed-use development, which includes 1.3 million square feet of planned retail development, over 5,000 planned single and multifamily housing units, as well as service, office, and visitor commercial uses. Demographics are excellent with the average household income over $101,400 and a population over 98,100 within 3 miles. Located 10 minutes south of the downtown Sacramento area, the property serves residents and commuters traveling Interstate 5.
7-Eleven, Inc., is a multinational chain of retail convenience stores that was founded in 1927. Based in Irving, Texas, 7-Eleven operates franchises and/or licenses more than 13,000 stores in the United States and Canada. The brand aims to be the one-stop shop for consumers and continues to be a pioneer, being the first to offer coffee to-go cups, 24/7 hours, and self-serve soda fountains. The brand also gained notoriety for their iconic products such as Slurpee and Big Gulp drinks. In addition to 7-Eleven stores, the company also operates and franchises Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits locations.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,000 SF
Building Class
B
Year Built
2023
Price
$11,584,517 CAD
Price Per SF
$3,862 CAD
Cap Rate
4.75%
NOI
$550,288 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.28 AC
Parking
39 Spaces (13 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
053-0180-060
Land Assessment
$2,001,320 CAD
Improvements Assessment
$3,513,760 CAD
Total Assessment
$5,515,080 CAD
  • Listing ID: 30910273

  • Date on Market: 2024-02-08

  • Last Updated:

  • Address: 1911 Cosumnes River Blvd, Sacramento, CA 95832

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