15-year ground lease with minimal landlord responsibilities |
10% rental increases every 5 years throughout the lease providing solid rent growth and a hedge against inflation |
7-Eleven is the largest convenience store chain in the United States that licenses or franchises over 12,800 locations |
The tenant, 7-Eleven, Inc., maintains an S&P investment grade credit rating of “A” with a “stable” outlook |
Seven and i Holdings Co., LTD, a Japanese diversified parent company (Parent), reported companywide revenue across seven business segments of $86.5 B |
Brand-new, high-quality construction convenience store including car wash, Chevron fuel canopy w/ 10 pumps, two EV charging stations & 17 car stalls |