7-Eleven, Vancouver, Washington

12908 NE Hwy 99 no-imageVIEW MAP

Property Information

Price: $796,166
Cap Rate: 5.0%
NOI: $39,808
Lease Term: 10 Years
Lease Type: Absolute NNN
Building Size: Approximately 2,400 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
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and 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 – 2,400 Square Feet Convenience Store Situated on a 0.26-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 17,000 Vehicles Per Day on NE Highway 99 & Over 96,000 Vehicles Per Day on Nearby Interstate-5
  • Densely Populated, Infill Location with Strong Demographics – Over 160,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $134,000 Annually
  • Over 20.6 Million Square Feet of Industrial & Office Space and 12.7 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 5,900 Businesses & 37,000 Employees
  • Approximately 0.7 Miles from the 178-Bed Legacy Salmon Creek Medical Center Hospital with Over $1.52 Billion in Total Patient Revenue in 2023 and a Staff of More Than 1,200 Healthcare Professionals
  • Approximately 2.2 Miles from Washington State University Vancouver with Over 2,700 Students Enrolled & More Than 500 Faculty Members
  • Strong Multi-Family Density with Over 6,000 Apartment Units within a 5-Mile Radius of the Property
  • Washington is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset