7-Eleven
1702 Gateway Drive
San Diego, CA 92105
| Price: |
$994,261 |
| CAP Rate: |
5.75% |
| Building Size: |
2,400 SF |
| Approx Lot Size: |
12286.00 Acre(s) |
| Year Built: |
1983 |
Net Lease
Investment: |
Yes |
| Existing Debt: |
No |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- Lease Type: Net, Net, Net Lease. No Landlord responsibilities
- Lease Term: Six (6) years
- Lease Commencement: October, 1983
- Lease Renewal Options: Three (3) Five (5) year options
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For more information contact:
Keith Sturm
(612) 332-6600
Upland Real Estate Group, Inc.
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Property Description
The North American subsidiary of Seven-Eleven Japan, 7-Eleven operates about 6,000 stores in the US and Canada under the 7-Eleven name. (An additional 420 stores in the US are operated by licensees.) 7-Eleven also has an interest in nearly 600 stores in Mexico. Overall, the company's Japanese parent operates, franchises, or licenses about 31,000 stores worldwide. The US's leading convenience store chain was taken private in late 2005 by its largest shareholder, the Japanese conglomerate Seven & I Holdings, the holding company for Seven-Eleven Japan, Ito-Yokado, Denny's restaurants, and other businesses.
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