Corporate 7-Eleven | Recently Renewed Lease | 10+ Lease Yrs. Remaining in Primary Term

The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to purchase a well-established, Absolute NNN corporate 7-Eleven convenience store in Portland, OR. 7-Eleven is the largest operator, franchisor, and licensor of convenience stores worldwide, operates over 13,000 stores in the U.S. and Canada (85,000 globally), and has an investment-grade credit rating of “A” from S&P (Moody’s: “Baa2”).

With nearly 50 years of successful occupancy, the tenant recently extended the lease for an additional 10 years, demonstrating the strength and profitability of this location. The store has a strong sales history, boasting 4.6% rent to Sales, providing low downside risk and long-term upside potential. There is a 10% rent increase in the primary term, a CPI rent increase in the 5-year option period, and zero landlord responsibilities make this asset ideal for an investor seeking years of inflation-resistant passive income.

The 2,400 SF building on a 0.28-acre parcel is located in the high-income area, on the hard corner signalized intersection of NE Sandy Blvd and NE 47th Ave, which has a combined traffic count exceeding 34,700 VPD. Positioned within the popular and historic Hollywood District in the Northeast Portland neighborhood, the subject property is surrounded by award-winning eateries, trendy coffee shops, and national retailers, including Whole Foods, Trader Joe’s, Fred Meyer, Grocery Outlet, Safeway, CVS Pharmacy, Bank of America, Chase Bank, and more. This is a great opportunity to acquire an absolute NNN leased 7-Eleven in Portland (MSA population exceeding 2.5 million) with a long-term corporate lease, multiple option periods, rent increases, and no landlord responsibilities, providing years of worry-free cash flows.

Available