$4,544,444 $4,544,444 .00 .00 4.50% CAP Rate | $204,500 NOI 4.50% CAP Rate | $204,500 NOI Brandi M. Ho [email protected]360.823.5112 Blake D. Federinko [email protected]360.823.5111 Exclusively Marketed By: NNN Leased Investment 7-Eleven with Fuel SWC 176th & 78th Street, Puyallup, WA Rendering -Under Construction- Tim Weber tweber@firstwestern properties.com 253.471.5502 Michael A. Jenkins [email protected]360.823.5102
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Rendering 7-Eleven with Fuel · acquire a Single Tenant Net Leased Investment located in Puyallup, Washington. The newly developed property, consisting of a convenience store and
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$4,544,444$4,544,444.00.00
4.50% CAP Rate | $204,500 NOI4.50% CAP Rate | $204,500 NOI
THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant Net Leased Investment located in Puyallup, Washington. 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. Located adjacent to Jailen’s Place, a 78-unit apartment community, and in close proximity to Walmart Supercenter, Fred Meyer, Kohls, Bank of America, Peirce County Airport Thun Field and many more.
176TH ST. - 28,000 VPD176TH ST. - 28,000 VPD
Jailen’s Place78-Unit Multi-Family
Community-Under Construction-
176TH ST. - 28,000 VPD176TH ST. - 28,000 VPD
Price | $4,544,444CAP Rate | 4.50%
Land Area41,375+/- SqFt
Tenant7-Eleven
Year Built2020
MPD’s4
Lease GuarantorCorporate Guarantee
Building Size3,000+/- SqFt
Completion DateSeptember 2020
Tenant’s Right of First RefusalYes
Inve
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Parking18 Spaces
Newly Developed
Located near JBLM with more than 250,000 military
residents
15-Year NNN Lease w/ Rent Increases
Located in an Income Tax Free State
Jailen’s Place Apartments-Under Construction-
TAXES Tenant Responsible (See Sec. 7 of Lease) INSURANCE Tenant Responsible (See Sec. 14 of Lease)MAINTENANCE Tenant Responsible (See Sec. 8 of Lease)UTILITIES Tenant Responsible (See Sec. 6 of Lease)
7-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.
Ten
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Term202020252030
1st Option 2nd Option3rd Option4th Option
Years1-5
6-1011-15
16-2021-2526-3031-35
Monthly Rent$17,041.67$18,745.84$20,620.44
$22,682.48$24,950.73$27,445.80$30,190.38
Annual Rent$204,500.04$224,950.04$247,445.28
$272,189.76$299,408.76$329,349.60$362,284.56
Ren
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Sale Price $4,544,444.00
Net Operating Income $204,500.00
Scheduled Income $204,500.00Less Operating Expenses
The City of Puyallup is situated at the foot of scenic Mount Rainier in the beautiful Puget Sound region 10 miles east of Tacoma and approximately 35 miles south of Seattle. It’s an easy commute on Sound Transit’s Sounder train to Tacoma, Seattle and many cities in between.
In its early years, Puyallup was known for its hops, berries and flowers. Today many events, such as the Washington State Fair, the Daffodil Festival and Parade, and the Puyallup Farmers Market pay tribute to the city’s agricultural past. But there’s much more happening in Puyallup than meets the eye. Two regional retail centers in downtown and South Hill offer a variety of shopping and dining opportunities. Great parks, excellent K-12 schools, and a modern regional medical center are some of the amenities appreciated by residents and visitors alike.
PUYALLUP, WA
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Washington State Fair - Puyallup WA
The Washington State Fair, formerly the Puyallup Fair, is the largest single attraction held annually in the state of Washington. The fair, which includes agricultural and pastoral displays and shows, amusement rides, and a concert series, continually ranks in the top ten largest fairs in the United States.[1] The Washington State Fair hosts two annual events: the 21-day Washington State Fair every September, and the four-day Washington State Spring Fair every April.
Situated in Puyallup, 35 miles (56 km) south of Seattle and 10 miles (16 km) east of Tacoma near Mount Rainier, the fairgrounds comprise 160 acres (0.65 km2), with buildings and land valued at more than $54 million. The facilities are available for rent throughout the year, making the grounds a valuable community resource. It offers various seasonal festivals, such as the Victorian Country Christmas, as well as races, concerts, car shows, and sporting expositions, such as the International Sportsman’s Exposition. A staff of 55 works year-round. Over 7,500 employees are hired each September during the Fair
Washington State Fair - Puyallup WA
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.