7-Eleven | New 15yr Corp NNN | S&P: AA- E Ann Road & North 5th Street

Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand | Investment Grade Tenant (S&P: AA-) Dense Retail/Industrial Corridor | Strong National/Credit Tenant Presence Strong Demographics in 5-Mile Trade Area | Direct Consumer Base NNN | Fee Simple Ownership | Limited Landlord Responsibilities Near Signalized, Hard Corner Intersection | Excellent Visibility |Interstate 15 (148,000 VPD)

Executive Summary

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, corporate signed 7-Eleven investment property located in Las Vegas, Nevada. The tenant, 7-Eleven, Inc., recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 7.5% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to foundation, structure, and roof, making this an ideal, low-management investment opportunity for a passive investor. The newly-constructed building will feature a state-of-the-art design and high-quality materials. Based in Irving, Texas, 7?Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding Fast Food
• Building Size    3,062
• Building Class    C
• Year Built    2023
• Price    5,040,000
• Price Per SF    1,646
• Cap Rate    5
• NOI    252,000
• Tenancy    Single
• Building Height    1 Story

• Corner Lot
• Freeway Visibility
• Signage
• Signalized Intersection