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7-Eleven

Overview

7-Eleven is the world’s largest convenience store chain, with over 7,800 locations in North America. Historically, 7-Eleven operated locations that did not include fuel dispensers, but recent years have included new locations typically with approximately 3,000 SF convenience store and six fuel dispensers. 7-Eleven locations have a strong demand on the net lease market, due to their S&P AA- credit rating, 15-year leases, no landlord responsibilities, and initial lease term rental increases. As a company, 7-Eleven has shown consistent growth in recent years. Along with their new store development program, 7-Eleven has recently acquired Sunoco’s Convenience Stores and has a deal to acquire Speedway, adding another 4,000 stores in North America.
Lowest Cap Rate

3.40%

Average Cap Rate

4.55%

Property & Lease

Average Sale Price

$3,000,000 – $3,500,000

Average NOI

$150,000 – $225,000

Building SF

3,500

Lease Term

15 Years

Escalations

10% Every 5 Years

Stock Symbol

CAPITALCOM:US500
Credit Rating

S&P

AA-

Moody’s

Baa1

Tenants

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