Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» 7-Eleven, Inc. is an investment grade tenant with a “A” rating from Standard & Poor’s
» New 15-year absolute NNN lease with four (4) five (5) year options
» 10% rental increases every five years, providing a hedge against inflation
» New 2021 construction built to latest 7-Eleven prototype, featuring six fuel pumps and a freestanding convenience store

LOCATED IN A DENSELY POPULATED, EXTREMELY AFFLUENT, AND GROWING CALIFORNIA CORRIDOR
» Hard-corner location at the signalized four-way intersection of Greenback Lane and Main Avenue (40,089 AADT)
» Beneficial proximity to the signalized intersection of Madison Avenue and Greenback Lane, which experiences a high traffic count of 54,132 vehicles per day
» Average annual household income of $122,162 within one mile of the location
» Population of 222,439 within a five-mile radius of the location, creating an extremely large customer base for the site
» Projected 12 percent average annual household income increase within three miles of the site in the next five years, poising 7-Eleven and Sacramento for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Neighbored by a Big Lots-anchored shopping center featuring major national retailers such as Ace Hardware, Starbucks, Sport Clips, Round Table Pizza, Subway, Carl’s Jr., and more
» Within five miles of 10 major shopping centers (combined 4.2 million SF of retail space and 486 stores), promoting crossover shopping to the location
» Excellent location in a major commuter corridor, with close proximity to several high-density single-family developments
» 3.5 miles from Folsom Lake, a major Sacramento recreational attraction (approximately two (2) million annual visitors)
» Gateway to Downtown Sacramento, the sixth-most populous city in California (500,930 residents)

Property Description

SOLD
Visibility to the property is increased by the site’s centralized location in a densely populated, extremely affluent, and growing retail corridor. The site has a hard-corner location at the signalized four-way intersection of Greenback Lane and Main Avenue (40,089 AADT). The location also benefits from its proximity to the signalized intersection of Madison Avenue and Greenback Lane, which experiences a high traffic count of 54,132 vehicles per day. 222,439 residents live within a five-mile radius of the location, establishing an extremely large regular customer base for the site. The property resides in a robustly affluent area, with an average annual household income of $122,162 within three miles of the location. The site is also located in an area that is experiencing rapid growth, with a projected 12 percent average annual household income increase within a three-mile radius of the site in the next five years.

The location is strategically located near major employers, retailers, and community hubs. The property has an infill location and is neighbored by a Big Lots-anchored shopping center featuring major national retailers such as Ace Hardware, Starbucks, Sport Clips, Round Table Pizza, Subway, Carl’s Jr., and more. The site also resides within five miles of 10 major shopping centers (combined 4.2 million SF of retail space and 486 stores), promoting crossover shopping to the location. The property maintains an excellent location in a major commuter corridor, with close proximity to several high-density single-family developments. The site resides 3.5 miles from Folsom Lake, a major Sacramento recreational attraction (approximately two (2) million annual visitors), and the location also serves as a common gateway to Downtown Sacramento, the sixth-most populous city in California (500,930 residents).