$3,010,0004.65% CAP Rate | $140,000 NOI

Brandi M. HoBrandi@MAJCRE.com 360.823.5112

Blake D. FederinkoBlake@MAJCRE.com 360.823.5111

Listing Brokers:Michael A. JenkinsMike@MAJCRE.com 360.823.5102

Single Tenant NNN Corporate Leased Investment7-Eleven with Fuel

121 S Center Street, Stockton, CA

Actual Location

THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant Net Leased Investment located in Stockton, CA. The newly developed property, consisting of a convenience store and fueling station, is leased to 7-Eleven Corporate on a new 15-Year NNN Lease. The subject property is in close proximity to other businesses such as, Stockton Arena, Regal Cinemas, Walgreens, Bob Hope Theater, Wells Fargo and much more. The excellent location provides ideal visibility from SR-4. 7-Eleven will be featured on the center’s large freeway monument sign.

Price | $3,010,000CAP Rate | 4.65%

Land Area32,670+/- SqFt

Tenant7-Eleven

Year Built2019

MPD’s6

Lease GuarantorCorporate Guarantee

Building Size3,000+/- SqFt

Rent CommencementMay 7th, 2019

Tenant’s Right of First RefusalYes

Business Open DateMay 7th, 2019

Inve

stm

ent

Over

vie

w4

Newly Developed

Freeway Access/Exposure

55 Ft. Tall Monument Sign

15-Year NNN Lease w/ Rent Increases

140,000+ Population within a 3-Mile Radius

TAXES Tenant Responsible (See Sec. 7 of Lease) INSURANCE Tenant Responsible (See Sec. 13 of Lease)CAMS Tenant Responsible (See Sec. 21 of Lease)UTILITIES Tenant Responsible (See Sec. 6 of Lease)LANDLORD RESPONSIBILITIESFoundation and Structural Components (See Sec. 21 of Lease)

GUARANTOR 7-Eleven

TERM 15-Year Primary Term

INCREASES See Enclosed Rent Roll

EXTENDED TERMS 3, 5-Year Options

NOI $140,000.00

LEASE TYPE NNN Lease

Leas

e Su

mm

ary

6

TENANT SUMMARY7-Eleven is the world’s #1 convenience store with sales of $89 billion in 2016. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 63,000 stores in 18 countries, including 10,900 in North America. 7-Eleven focuses on meeting the needs of convenience-oriented customers by providing a broad selection of fresh, high quality products and services at everyday fair prices, speedy transactions and a clean and friendly shopping environment. Each store’s selections of about 2,500 different products and services is tailored to meet the needs and preferences of local customers.

7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treat and every favorites, at an outstanding value. Customers also count on 7-Eleven for payments services, self service lockers and other convenient services.

Website: www.7-Eleven.comLocations: 66,579+/- Total | 10,300+ (U.S.)Credit: S&P: AA-Parent Company: Seven & Holdings, Ltd.Year Founded: 1927

Ten

ant

Over

vie

w

7

Term YearsMonthly Rent Annual Rent5/7/20195/7/2030

1-1011-15

$11,666.67$12,541.67

$140,000$150,500

OPTION 1OPTION 2OPTION 3

16-2021-2526-30

$13,482.29$14,493.46$15,580.47

$161,787.50$173,921.56$186,965.68

Ren

t R

oll

8

Term YearsMonthly Rent Annual Rent5/7/20195/7/2030

1-1011-15

$12,083.33$12,990.00

$145,000.00$155,875.00

OPTION 1OPTION 2OPTION 3

16-2021-2526-30

$13,964.25$15,011.57$16,137.43

$167,571.00$180,139.00$193,649.21

If during the term of the Lease or Extended Term, that Tenant obtains all governmental approvals, licenses and permits required to sell beer and wine, Tenant shall follow the below rent schedule.

Sale Price $3,010,000.00

Net Operating Income $140,000.00

Scheduled Income $140,000.00Less Operating Expenses

CAMsProperty TaxesInsuranceTotal Expenses

TENANTTENANTTENANT

($0.00)

Fin

anci

al S

um

mar

y

9

CAP Rate 4.65%

FUTURE RETAIL DEVELOPMENTS

Site

Pla

n10

Elev

atio

ns

12

Stockton Crossroads features a freeway Pylon Sign that is approximately 55’ Tall and

can be seen by 77,000 VPD on SR-4

SR-4

Free

way

Sig

nag

e14

I-5 132,000

VEHICLES DAILY

Surrounding RetailersRed OrchidStockton CourthouseSt Mary’s ChurchHardin Animal HospitalWeber Point Events CenterBanner Island Ballpark

StarbucksWalgreensDollar TreeBank Of AmericaBob Hope TheaterWells Fargo

Subject Property

Aer

ial

16

SR 4 77,000

VEHICLES DAILY

Dem

ogra

phic

s

17

5 MILE RADIUS

3 MILE RADIUS

1 MILE RADIUS

Average IncomeEst. 2019Proj. 2024Census 2010Census 2000

$30,632 $53,319 $65,630$33,083 $59,822 $75,464$32,493 $44,440 $53,026$25,497 $38,294 $43,983

1 Mile 3 Mile 5 Mile

PopulationEst. 2019Proj. 2024Census 2010Census 2000

20,371 147,978 266,69522,586 160,307 287,09218,224 138,414 249,64119,694 134,440 223,184

1 Mile 3 Mile 5 Mile

STOCKTON, CAStockton’s location at the head of a navigable channel, approximately 90 miles inland from San Francisco Bay, allows the city to continue to serve as a major shipping point for many of the agricultural and manufactured products of Northern California.

Rich peat soil and a temperate climate make the area around Stockton one of the richest agricultural and dairy regions in California. Throughout the 150 years of Stockton’s history, almost every major fruit, nut, and field crop has been grown, some with greater success than others. Current major crops include asparagus, cherries, tomatoes, walnuts, and almonds, plus other smaller-production orchard, row and feed crops. Grapes amount to 40 percent of the fruit and nut harvest and contribute 18 percent to the county’s agricultural dollar. Prize-winning wines are produced from vineyards north of Stockton, contributing to the international reputation of fine quality California wines.

The legendary Delta created by the confluence of several rivers and man-made channels, includes 1,000 miles of waterways and defines Stockton’s geography. Wildlife, irrigation, transportation, and recreation all owe their success to the muddy waters of the San Joaquin Delta. Stockton and environs have long been known in the entertainment industry as location-rich.

Page 18

AGEAGE

Median Age32.5 Years Old

GenderMale 49.0%Female 51.0%

LARGEST EMPLOYERS IN STOCKTON

300 West 15th Street, Suite 201Vancouver, WA 98660

360.699.4494www.MAJCRE.com

While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material,

including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.