7-Eleven – Calexico, CA
Fortis Net Lease is pleased to present this 2,425 SF 7-Eleven Gas Station & Convenience Store located in Calexico, California. This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 10% rental rate increases at each of the 2 (5 Year) Options. The store has been operating successfully since June of 2012 and has recently exercised their 1st option period extending the term 5 years. This store ranks among the top 25% performing 7-Eleven stores in the entire country!
This 7-Eleven Gas Station & Convenience Store benefits from excellent visibility as it is located on the signalized corner of Meadows Road and E Birch Street which sees 18,720 cars per day. It sits adjacent to a Jack-In-The-Box restaurant and across from Calexico High School. The five mile population from the site is 44,460. The three mile household income is $65,796. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 4.75% cap rate based on NOI of $132,000.
• 15 Year NNN Lease with 5 Years Remaining on Primary Term
• Recently Exercised Option | Proven Commitment & Success in the Market!
• Ranks in the Top 25% of Stores in the Entire USA (1,575/6,563)
• 2nd Best Performing 7-Eleven Store in a 50 Mile Radius
• Signalized Corner Location | Accessible from Both Roads
• Two (5 Year) Options Each with a 10% Rent Increase
• 5 Mile Population 44,460
• 3 Mile Average Household Income $65,796
• 18,720 Cars Per day on E Birch Street
• Adjacent to Jack-In-The-Box | Across from Calexico High School
• Only 2.6 Miles from Calexico International Airport
Instate Broker of Record: John Marty | Bay Valley Properties | License # 01100019