1911 Cosumnes River Blvd - Service Station FOR SALE


Sacramento, CA 95832
$8,237,000 USD
415-269-0599
1911 Cosumnes River Blvd, Sacramento, CA for Sale
$8,237,000 USD
Service Station - FOR SALE
1/8
null | 4.75% Cap Rate

1911 Cosumnes River Blvd
Sacramento, CA 95832


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,237,000 USD

PRICE/SF

$2,746 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

053-0180-028,053-0180-060

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.