The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a new construction corporate 7-Eleven (C-store & Service Station) in Tustin, CA. 7-Eleven is the largest operator, franchisor and licensor of convenience stores worldwide, operates 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”). With a brand new 15-year primary term, four 5-year option periods, 7.5% rent increases every 5 years, corporate guarantee and zero landlord responsibilities this asset is ideal for an investor seeking years of inflation resistant passive income.
The new construction 4,212 SF building on large 1.14-acre parcel is located on the hard corner signalized intersection of McFadden Avenue and Tustin Village Way, which have a combined traffic count exceeding 32,000 VPD, and is adjacent to Costa Mesa Freeway which sees over 307,000 VPD. The subject property is strategically positioned between dense multi-family neighborhoods and one of Orange County’s busiest industrial zones producing a strong demographic of daytime employment and residents. Nearby retailers include The Home Depot, Stater Bros. Markets, 99 Cents Only Stores, McDonald’s, Starbucks, Taco Bell, Jack in the Box, Carl’s Jr. and more.
This is an excellent opportunity to acquire a net leased 7-Eleven in the Los Angeles Metro Area (population exceeding 12.5 million) with a new long-term lease, 20 years in option periods, rent increases, corporate guarantee, and no landlord responsibilities, providing years of worry-free cash flows.