The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a corporate 7-Eleven (c-store & gas station) in Salt Lake City, UT. 7-Eleven is the largest convenience store in the world with over 13,000 stores in the U.S. and Canada (78,000 globally) and has an investment grade credit rating of A from S&P (Moody’s: Baa2).
7-Eleven has occupied the subject property since 2012 and recently extended the lease with over 7 years remaining in the primary term. With a corporate signed lease, strong rent increases and NNN Lease with Landlord only responsible for structure and foundation this asset is ideal for an investor seeking passive cash flows for years to come. The 3,025 SF building on 0.61-acre parcel with 6 fuel pumps is located on the hard corner signalized intersection of 3300 South & South 700 East which has a combined traffic count exceeding 58,800 VPD and prospers from great visibility and access. Nearby retailers include The Home Depot, Harmons Grocery, Rancho Markets, HomeGoods, Walgreens, Wells Fargo, Chase Bank, McDonald’s, Starbucks, Burger King and more.
This is an excellent opportunity to acquire a net leased 7-Eleven with a recently renewed lease, multiple option periods, rent increases, corporate guarantee, and limited landlord responsibilities, providing years of inflation resistant income.