7-ELEVEN WITH FUEL Vancouver WA - Single Tenant - MAJ Commercial Real Estate
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Single Tenant
NNN LEASED
7-ELEVEN WITH FUEL
Vancouver • WA
INVESTMENT
CONTACT:
Blake D. Federinko Michael A. Jenkins Brandi M. Ho
360.823.5111 360.823.5102 360.823.5112
Blake@MAJCRE.com Mike@MAJCRE.com Brandi@MAJCRE.com
Confidentiality & Disclaimer This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
Table of Contents 06 Property Summary 07 Investment Highlights 08 Lease Abstract 10 Rent Roll 11 Operating Statement 12 Demographics 14 Vancouver at a Glance
MAJ Commercial Real Estate is pleased to present the opportunity to a acquire a Single Tenant Net Leased Investment located in Vancouver, WA. The property is a Brand New Build- To-Suit leased to 7-Eleven on an initial 15-Year term. The property is positioned on the corner of Mill Plain Blvd. and SE Hearthwood Blvd. which obtains approx. 47,000 VPD by the site. The 7-Eleven is located just north of 164th Ave and Mill Plain Blvd, one of Vancouver, WA’s busiest retail corridors. Some of the surrounding businesses include Safeway, Starbucks, Chucks Produce, McDonalds and much more.
Out-A-Bounds
Sports Bar
VILLAGE
VENDOR
Subject Property
Property Summary
7-Eleven
VANCOUVER • WA
$7,111,000
PRICE
RENDERING
CLICK HERE TO 4.50%
ENTER STREET VIEW CAP
6 Single Tenant NNN Leased Investment
Investment Highlights
Investment
Highlights
Property Summary
PROPERTY ADDRESS: Income Tax Free
14516 NE Mill Plain Blvd., State
Vancouver, WA
Tenant: 111,000+ Population
7-Eleven Within a 3-mile radius
Lease Type:
NNN AA- S&P Credit Rating
Year Built:
2021 Initial Term Rent
Increases
Building Size:
4,100 SF
Located on Mill
Land Size: Plain Blvd, a Major
35,000 SF Thoroughfare in
Vancouver
Construction:
Stucco Finish w/ Brick
Masonry
7-Eleven | Vancouver • WA
7
Lease Abstract
7-ELEVEN
VANCOUVER • WA
Taxes
TENANT RESPONSIBLE
RENDERING Insurance
TENANT RESPONSIBLE
Rent Schedule CAMs
PERIOD ANNUAL RENT ADJUSTED CAP RATE
TENANT RESPONSIBLE
March 2021 $320,000.04 4.50%
March 2031 $351,999.96 4.95%
Utilities
Option 1 $387,200.04 5.45% TENANT RESPONSIBLE
Option 2 $425,919.96 5.99%
Option 3 $468,512.04 6.59%
CLICK HERE TO
Option 4 $515,363.16 7.25% ENTER STREET VIEW
8 Single Tenant NNN Leased Investment
Tenant Overview
Lease Summary
LEASE GUARANTOR: 7-Eleven Corporate
PROPERTY ADDRESS: S&P CREDIT RATING: AA-
14516 NE Mill Plain Blvd.,
NUMBER OF LOCATIONS: 70,000 +/-
Vancouver, WA
HEADQUARTERS: Irving, TX
Guarantor: WEBSITE: www.7-Eleven.com
7-Eleven
Corporate
7-Eleven is the world’s #1 convenience store with
Ownership Type: sales of $89 billion in 2016. Based in Dallas, Texas,
Fee Simple 7-Eleven operates, franchises or licenses more
than 63,000 stores in 18 countries, including 10,900
in North America. 7-Eleven focuses on meeting
Term: the needs of convenience-oriented customers by
See Enclosed Rent Roll providing a broad selection of fresh, high quality
products and services at everyday fair prices,
Extended Terms: speedy transactions and a clean and friendly
shopping environment. Each store’s selections
4, 5-Year Options
of about 2,500 different products and services is
tailored to meet the needs and preferences of
Lease Type: local customers.
NNN Lease
7-Eleven offers customers industry-leading
private brand products under the 7-Select
Landlord Responsible:
brand including healthy options, decadent treat
Roof and Structure and every favorites, at an outstanding value.
Customers also count on 7-Eleven for payments
services, self service lockers and other convenient
services.
7-Eleven | Vancouver • WA
9
Rent Roll
Term Monthly Rent Annual Rent Years
March 2021 $26,666.67 $320,000.04 1-10
March 2031 $29,333.33 $351,999.96 11-15
OPTION 1 $32,266.67 $387,200.04 16-20
OPTION 2 $35,493.33 $425,919.96 21-25
OPTION 3 $39,042.67 $468,512.04 26-30
OPTION 4 $42,946.93 $515,363.16 31-35
10% RENT NNN
Increase in 2031 Lease Type
4, 5-YEAR
Options
10 Single Tenant NNN Leased InvestmentOperating Statement
Less Operating Expenses
CAMs Tenant
Property Taxes Tenant
Insurance Tenant
Total Expenses ($0.00)
$320,000.04 $320,000.04
SCHEDULED INCOME NET OPERATING INCOME
$7,111,000.00 4.50%
SALE PRICE CAP RATE
7-Eleven | Vancouver • WA
11Demographics
Key Facts
111,000+/- 38.4
POPULATION
MEDIAN
AGE
2.6
AVG.
HOUSEHOLD $71,930
Average Household
SIZE
Income
Business
4,047
TOTAL BUSINESSES
38,665
,5 la
39 ll P
TOTAL EMPLOYEES
i
M
Income
$71,930 $1,189,423 $333,760
Average Consumer Median
Household Spending Property Value
Income (In Thousands)
12 Single Tenant NNN Leased InvestmentPDlvd Demographics
2V B
50 ain
SE Hearthwood Blvd
Subject Property 8,690 VPD
7-Eleven | Vancouver • WA
13Vancouver, WA
Vancouver, Washington sits on the north bank of
the Columbia River directly across from Portland,
Oregon. Incorporated in 1857, it is the fourth-
largest city in the state. The Pacific Coast is less
than 90 miles to the west. The Cascade Mountain
Range rises on the east. Mount St. Helens National
Volcanic Monument and Mt. Hood are less than two
hours away. The spectacular Columbia River Gorge
National Scenic Area lies 30 minutes to the east. Vancouver combines
the excitement of a major metropolitan area with small-town charm
and abundant recreational opportunities.
The 5 largest employers are:
PeaceHealth Southwest Medical Center | 2841 Employees
Evergreen Public Schools | 2455 Employees
Vancouver Public Schools | 2203 Employees
County of Clark | 1561 Employees
Fred Meyer | 1500 Employees
111,000
RESIDENTS
4,047
BUSINESSES
38,665
JOBS
42,254
HOUSEHOLDS
14 Single Tenant NNN Leased InvestmentVANCOUVER
at a Glance
111,000
RESIDENTS
4,047
DOING BUSINESSES
IN LAKEWOOD
38,665
JOBS
42,254
HOUSEHOLDS
38.4
MEDIAN AGE
$71,930
AVG HOUSEHOLD
INCOME
The community hub, Esther Short
Park, is the oldest public square in
the West. The 5.4-acre park was
dedicated in 1855 and remains
the area’s gathering place in
downtown Vancouver.
In the 1920s, Clark County was
considered the prune capital of
the world, which was then the
nation’s most popular breakfast
fruit.
Vancouver is home to
Washington’s oldest apple
tree. Planted in 1826, this tree is
considered the “great grandfather”
of the Washington State apple
industry.
7-Eleven | Vancouver • WA
15EXCLUSIVELY MARKETED BY:
Blake D. Federinko
360.823.5111
Blake@MAJCRE.com
Michael A. Jenkins
360.823.5102
Mike@MAJCRE.com
Brandi M. Ho
360.823.5112
Brandi@MAJCRE.comYou can also read
