7-Eleven, Independence, Missouri

201 E. Hwy 24 no-imageVIEW MAP

Property Information

Price: $730,857
Cap Rate: 5.25%
NOI: $38,370
Lease Term: 10 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 2,530 Square Feet
Year Built: 1983
Status: Available
Lead Broker Information:

Dylan O’Hara

dylan@realcapitalinvestments.com

918-208-1565
Marketing Package

Property Description

Investment Highlights

  • Brand-New 10 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Two (5-Year) Options to Renew
  • Rare 23% Rental Increase in Year 6 with 10% Rental Increases Every 5 Years Throughout the Remaining Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by 7-Eleven Inc. with an S&P Credit Rating of AA- and Over $87.6 Billion in Revenue in 2023
  • Best in Class Tenant – 7-Eleven is the Premier Brand and Leader in the Convenience Store/Gas Station Industry with Over 78,000 Locations in 19 Countries, Making it the World’s Largest Convenience Retailer
  • Intrinsic Value Asset – 2,530 Square Feet Convenience Store Situated on a 0.414-Acre Parcel Containing 12 Parking Spaces, Providing 7-Eleven with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location with Excellent Visibility at a Signalized Intersection – More Than 22,000 Vehicles Per Day on E. US Highway 24 & Over 11,000 Vehicles Per Day on N. Noland Rd
  • Densely Populated, Infill Location with Strong Demographics – Over 129,000 People within a 5-Mile Radius with Average Household Income Exceeding $80,000 Annually
  • Over 29.9 Million Square Feet of Industrial & Office Space and 11.1 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 3,600 Businesses & 34,000 Employees
  • Strategically Located Directly Across from William Chrisman High School with Over 1,400 Students Enrolled & More Than 100 Faculty Members and Employees
  • Approximately 0.7 Miles from The Harry S. Truman Presidential Library & Museum, Which Welcomes More Than 150,000 Visitors Annually
  • Approximately 1.7 Miles from Graceland University’s Independence Campus with Over 1,200 Students Enrolled & 82 Faculty Members
  • Strong Multi-Family Density with More Than 5,000 Apartment Units within a 5-Mile Radius of the Property