3311 S 700 E - Convenience Store FOR SALE


Salt Lake City, UT 84106
$2,426,000 USD
949-724-5552
3311 S 700 E, Salt Lake City, UT for Sale
$2,426,000 USD
Convenience Store - FOR SALE
1/6
null | 4.65% Cap Rate

3311 S 700 E
Salt Lake City, UT 84106


HIGHLIGHTS

  • 7-Eleven Gas and C Store – Corporate Lease
  • Investment Grade Credit Rating S&P: A (Moody’s: Baa2)
  • Largest C-Store Brand Worldwide – Over 13,000 Stores in U.S and Canada –78,000 Globally
  • Located in community of Millcreek in Salt Lake City MSA Population Exceeding 1.2M
  • Below Market Rent and Low Price Point – Low Downside Risk & Long Term Upside
  • Recently Renewed Lease – 7+ Lease Years Remaining in Primary Term

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,426,000 USD

PRICE/SF

$671 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,133 SF

ZONING

C-2

APN/PARCEL ID

16-29-353-002-0000,16-29-353-003-0000,16-29-353-004-0000,16-29-353-008-0000,16-29-353-013-0000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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