Investment Offering
Colfax, CA - 7-Eleven
400 S Auburn Street | Colfax, CA 95713
$5,000,000
Price5.5%
Cap Rate$275,004
NOI2,146
± SF Offering GLA0.55
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment-grade (S&P: A), freestanding, 7-Eleven investment property located in Colfax, CA (Sacramento MSA). The tenant has over 12 years of firm term remaining with 3 (5-year) option periods to extend. The lease features 7.50% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A) and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The offering features a freestanding 7-Eleven asset with 8 fueling stations. 7-Eleven is a well-recognized and established brand that franchises and/or licenses more than 78,000 stores worldwide.
Location
7-Eleven is strategically located along Auburn Street with clear visibility and access to an average of 11,700 vehicles passing by daily. The property also benefits from direct access onto State Highway 174 (15,500 VPD) and Interstate 80 (37,600 VPD), making this a centralized location with easy commutes. The tenants in the trade area include US Bank, Starbucks, NAPA Auto Parts, McDonald’s, Pizza Factory, Beach Hut Deli, and others. The strong national and regional tenant presence drives a steady stream of loyal, local consumers and provides crossover store exposure. Furthermore, the asset is near numerous single-family communities and multi-family complexes including Pinetop Circle (45 units), Canyon View Senior Community (67 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 11,700 residents and 1,700 daytime employees. Residents within 1-, 3-, and 5-miles of the subject boast an affluent average household income of $109,294, $107,801, and $114,353, respectively.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215