Kidder Mathews is pleased to exclusively offer for sale this Single Tenant NNN Fee Simple Ground Lease 7-Eleven, located at 39566 Los Alamos Road, in the City of Murrieta, California.
The property consists of a 4,065 square foot freestanding retail pad building situated on a high-profile 58,299 square foot signalized corner land parcel located on Los Alamos Road off ramp of the 215 Freeway. The property is surrounded by other retailers such as In-N-Out Burger, Starbucks, Taco Bells, Shell Gas Station and Bank of America.
The property is 15 years Ground Lease to 7-Eleven with 3x5 years options which offer investor a stable income stream with Long-Term corporate NNN guaranteed lease with Zero landlord responsibility and is an ideal investment for a 1031 exchange or passive investors. 7-Eleven was built and has been at the location since 2016, 7-Eleven was doing so well that they asked the ownership to buy the adjacent land to expand the location with new gas pumps and increase the size of the C-store. The property is currently undergoing the expansion at 7-Eleven cost, showing long-term historical commitment to the site. The lease is corporate guaranteed by The Southland Corporation (7-Eleven Parent Company) which holds a credit rating of “AA-” from Standard & Poor’s and is classified as Investment Grade.
The property is strategically positioned with significant frontage and visibility on Los Alamos Road at the 215 Freeway on/off ramp with over 125,000 car per day traffic counts. Additionally, the property is located within easy access to housing, business and amenities in the City of Murrieta.
7-Eleven Single Tenant NNN is positioned within the heart of the Murrieta/Temecula submarket, one of the busiest and most affluent area of Riverside County. The property is centrally located between Orange County, San Bernardino and San Diego County in an exceptionally dense residential and commercial infill population of over 202,000 people having an average household income in-excess of $117,000 (5-mile). Situated just 35 minutes to Orange County and 35 minutes to North San Diego County and 5 minutes to Temecula famous wineries and Pechanga Casino, the property’s location also benefits from convenient access to nearly all the area’s primary freeways inclusive of Interstate 15, 215 Freeway, and Highway 79. Additionally, the site is surrounded by synergistic mix of businesses, residences, shopping, wineries, major medical center and Pechanga Casino.