Lee & Associates is pleased to present a Brand New, Corporate Guaranteed, Absolute NNN Leased 7-Eleven Investment Property located in Stockton, California.
The Subject Property is located in a Qualified Opportunity Zone and also qualifies for Bonus/Accelerated Depreciation (check with your CPA for details).
This high-image absolute NNN investment property is strategically located at the signalized, hard-corner intersection of West Lane and East Alpine Avenue - one of Stockton’s many busy thoroughfares with combined traffic counts exceeding 44,000 CPD.
Backed by a Corporate Lease Guaranty from 7-Eleven (S&P Rated "A"), the subject property offers a highly secure and passive income stream with scheduled 10% rental increases every five years and 3 (5-Year) options.
The subject property benefits from dense, infill population demographics of nearly 157,000 residents within a 3-mile radius and daytime/employment population of over 9,000 within a 1-mile radius. With a hybrid mix of residential and daytime/employment generators, the subject property benefits from a steady stream of customer traffic during daytime and nighttime hours, and both during the work week as well as on weekends. Average Household Income within a 1-mile radius of the subject property is $94,379.