7-ELEVEN LAS VEGAS, NEVADA EXCLUSIVE INVESTMENT OFFERING
FEATURES: •
Absolute NNN Single Tenant Investment - Corporate Lease
•
Long-Term Historical Occupancy (7-Eleven Has Been Operating at the Subject Location for 30+ Years)
•
100% National Credit Income Stream (7-Eleven Has Over 39,400 Locations in 16 Countries)
•
Long-Term History of Strong Annual Sales (Strong Historical Store Sales)
•
Signalized Hard-Corner Location Fronting Eastern Avenue (Over 45,000 Cars Per Day at Subject Intersection)
Pacific Commercial Investments, Inc. 19772 MacArthur Boulevard, Suite 220, Irvine, CA 92612 Phone (949) 723-5800 | Fax (949) 723-5801 info@pacificnnn.com The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA CONFIDENTIALITY This is a confidential marketing profile (the "Profile") intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the "Property", located in Las Vegas, NV. This Profile has been prepared by Pacific Commercial Investments, Inc. ("PCI") on behalf of the owner of the Property (the "Owner") and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all-inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and PCI. The information contained herein was obtained from third parties, and it has not been independently verified by PCI. Prospective investors should have the experts of their choice inspect the Property and verify all information. PCI is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils-drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor PCI, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner's obligations therein have been satisfied or waived. By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its contents to any other entity without prior written authorization of the Owner or PCI. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or PCI. PCI reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, PCI expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Profile. Dealings with each client shall remain strictly confidential and in no case will PCI disclose the terms of any actual or potential offer to any competing client.
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA LOCATION The subject property is ideally located at the SEC of North Eastern Avenue and East Owens Avenue in Las Vegas, Nevada. Eastern Avenue is a major north/south thoroughfare running from the the City of Henderson all the way north to North Las Vegas. Positioned at the signalized intersection boasting 45,000+ cars per day, the subject property benefits from excellent visibility to trade area consumers. Immediately adjacent to the subject property is a recently rebuilt McDonald’s as well as the 130,000 square foot Wonderland East retail shopping center, offering valuable retail synergy and additional consumer draw. Approximately ½ mile west along East Owens Avenue is the Rancho Highschool, a recently reconstructed facility with a student body exceeding 3,200 students. This neighborhood staple within close proximity to the subject property benifts the subject tenant with continued traffic from the ideal consumer base for retail convenience stores. Furthermore, immediately surrounding the subject property are numerous residential communities resulting in a dense supporting population, with an average household size of approximately four people per household. Just over a ½ mile northwest is the North Vista Hospital, (www.northvistahospital.com) a 177 bed community hospital that has operated since 1959 and currently serves as the only hospital in North Las Vegas. This community anchor helps provide a strong daytime population and work population to the immediate trade area, further benefiting the subject property.
TRADE AREA DEMOGRAPHICS The City of Las Vegas is the most populous city in the state of Nevada and the 28th most populous city in the United States with a 2010 population of approximately 583,756 people. In 2010, there were approximately 211,689 households and 117,538 families residing in the City with a median household income of approximately $53,000. The immediate trade area surrounding the subject property consists of a dense residential population combined with multiple traffic generators providing the subject property with excellent supporting demographics. In 2010, there was a total population of approximately 35,667 people and a work population exceeding 9,000 people within a one-mile radius of the subject property. Furthermore, the average household size within a one-mile radius was approximately four people per household, evidence of the infill nature of the trade area. Within a three-mile radius of the subject property the 2010 total population exceeded 222,000 people in over 67,000 households. 1-MILE RADIUS PROFILE
3-MILE RADIUS PROFILE
2010 Total Population:
35,667
2010 Total Population:
222,856
2010 Total Households:
8,390
2010 Total Households:
67,186
2010 Median Age: 2010 Work Population:
26 9,114
2010 Median Age: 2010 Work Population:
29 134,934
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA INVESTMENT INFORMATION PROPERTY INFORMATION: Address:
1592 N. Eastern Avenue, Las Vegas, Nevada (View Map)
Tenant:
7-Eleven, Inc.
Land:
(Approx.) 16,988 Square Feet
Improvements:
(Approx.)
APN:
2,400 Square Feet 139-25-101-001
FINANCIAL INFORMATION: Price:
$840,000
CAP Rate: Terms:
6.00% All Cash
ANNUAL OPERATING INFORMATION: Current Scheduled Gross Income: Plus Expense Recapture: Gross Operating Income: Less Operating Expenses: Net Operating Income:
$50,400 NNN $50,400 NNN $50,400
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA RENT ROLL TENANT
SQ. FT.
LEASE START
7-Eleven, Inc.
2,400
1/1/82
TOTALS
2,400
LEASE END 11/30/16
MONTHLY RENT
ANNUAL RENT
RENTAL INCREASES
RENEWAL OPTIONS
$4,200
$50,400
10% @ Options
2 (5 Year)
$4,200
$50,400
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA INVESTMENT This single-tenant freestanding investment property provides an investor the opportunity to own an absolute NNN leased 7-Eleven with long-term historical occupancy and strong annual strore sales. Positioned on the signalized hard corner, where over 45,000 cars pass daily, the subject property offers an investor the stability and security of a national credit income stream guaranteed by the world’s largest convenience chain. Successfully operating for over 30 years at this location, the subject tenant has experienced strong store operations. 7-Eleven has signed a brand new lease extension with two five year options at the low rent of only $50,400 annually. A new owner can be confident in this investment knowing that the low rent coupled with the strong annual sales (contact Agent for details) ensures long-term viability and profitiability for 7-Eleven at the subject property.
TENANT SUMMARY
Based in Dallas, Texas, 7-Eleven, Inc. is the world’s largest convenience store chain with more than 39,400 stores in 16 countries, of which more than 8,300 are in North America. Founded in 1927, 7Eleven focuses on providing a broad selection of fresh, high quality products at everyday fair prices, serving over seven million customers per day in North America alone. The undisputed leader in convenience retailing, 7-Eleven operates, franchises, and licenses nearly 7,100 locations in the United States and Canada. According to their company website, approximately 25% of the U.S. population lives within one mile of a 7-Eleven Store. 7-Eleven has successfully operated at the subject location for over 30 years.
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA AERIAL PHOTO – INTERSECTION VIEW
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA AERIAL PHOTO – TRADE AREA VIEW
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA PARCEL MAP
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.
7-ELEVEN LAS VEGAS, NEVADA LOCATION MAPS
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.