Embed Size (px)
Citation preview
7-Eleven, Inc.
6232 Belair Road, Baltimore, MD
Tenant: 7-Eleven, Inc. | S&P Rating: AA-
Brand new 15 year ground lease | Rent commenced November 1st , 2013
10% rent increase every 5 years during base term & options
Tenants in the immediate area include:
KFC, CVS, BP Gas, Exxon, Subway, AllState, H&R Block, and a Bi-Rite supermarket
Less than 7 miles from Baltimore’s central business district
Approximately 170,000 people within a 3 mile radius
Price: $1,525,000 | CAP: 5.25% | NOI: $79,990
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone: 212.972.3947 Fax: 212.686.0078 [email protected] www.exp1031.com
Exclusive Offering
Not Subject Property
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale this brand new 7-Eleven which is located in Baltimore, MD. The subject property is situated at the signalized intersection of Belair Rd & Glenmore Ave. Belair Rd is a 4 lane road with traffic counts of 22,000+ cars per day. Retailers in the immediate area include CVS, BP Gas, Exxon, Subway, AllState, USPS, H&R Block, and a Bi-Rite supermarket. No gas pumps are located at this property, it has convenience only. Central Maryland is one of the wealthiest MSAs in the nation. In 2012, the Baltimore-Columbia-Townson area came in with the fourth-highest median household income in the United States. As of 2010, Baltimore had approximately 2.7 million residents, the 20th largest urban population in the United States, and that figures continues to grow. More broadly, Baltimore’s close proximity to Washington, D.C. expands that figure to 8.4 million. In its own right, the city draws business as the second largest seaport in the Mid-Atlantic with exceptional access to the Midwestern markets. Tourism also accounts for close to $4.4 billion in spending, with 21.3 million tourists visiting in 2012 alone. LEASE SUMMARY: Lease Term: New 15 year lease Rent Commencement: November 1st , 2013 Lease Expiration: October 31st , 2028 Net Operating Income: $79,990 Rent Escalations: 10% every 5 years during base term & options Renewal Options: Three, (5) year renewals Landlord Responsibilities: None. Absolute triple net lease ground lease TENANT OVERVIEW: 7-Eleven, Inc. | S&P Rating: AA- The brand name 7-Eleven is now part of an international chain of convenience stores, operating under Seven-Eleven Japan Co., Ltd., primarily operating as a franchise. It is the largest chain store operator with more than 45,900 locations operating around the world, surpassing the previous record-holder McDonald’s Corporation in 2007. Its stores are located in eighteen countries, with its largest markets being Japan, the United States, Canada, the Philippines, Hong Kong, Taiwan, Malaysia and Thailand. 7-Eleven, Inc. as a former U.S.-originating company, is a subsidiary of Seven-Eleven Japan Co., Ltd, which in turn is owned by Seven & I Holdings Co. of Japan. The US chain has its headquarters in downtown Dallas, Texas. 7-Eleven operates, franchises and licenses more than 7,000 stores in North America. Of the close to 5,400 stores the company operates and franchises in the United States, more than 3,600 are franchised. Internationally, 7-Eleven licensees and affiliates operate approximately 34,000 7-Eleven and other convenience stores in countries including Japan, Australia, Taiwan, Singapore, Philippines, Sweden, Denmark, South Korea, Thailand, Norway, Turkey, Malaysia, China, Hong Kong and the U.S. territory of Puerto Rico.
7-Eleven
6232 Belair Road, Baltimore, MD
INVESTMENT OVERVIEW
INVESTMENT SUMMARY
Price: $1,525,000
CAP Rate: 5.25%
NNN Rent: $79,990
Bld. Sq Ft: 2,940 +/- sf
Land Size: .771 acres
Lease Type: Absolute Triple Net
SITE PLAN This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
7-Eleven
6232 Belair Road, Baltimore, MD
*No gas pumps on site
AERIAL PHOTOGRAPH This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
7-Eleven
6232 Belair Road, Baltimore, MD
City Neighbors
High School
MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
7-Eleven
6232 Belair Road, Baltimore, MD
MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
7-Eleven
6232 Belair Road, Baltimore, MD
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
DEMOGRAPHIC DATA
7-Eleven
6232 Belair Road, Baltimore, MD
Radius 1 Mile 3 Mile 5 Mile
Population:
2017 Projection 21,880 168,661 466,530
2012 Estimate 21,896 168,581 462,652
2010 Census 21,898 168,713 460,609
Growth 2012-2017 -0.10% 0.00% 0.80%
Growth 2010-2012 0.00% -0.10% 0.40%
2012 Population By Hispanic Origin 604 5,780 24,675
2012 Population by Race:
White 10,229 65,322 216,481
Black or African American 10,615 91,796 203,533
American Indian and Alaska Native 83 519 1,786
Asian 253 4,690 18,499
Native Hawaiian and Pacific Islander 10 52 213
Other Race 188 2,228 10,465
Two or More Races 521 3,972 11,674
Households:
2017 Projection 8,515 65,626 182,568
2012 Estimate 8,501 65,536 181,013
2010 Census 8,533 65,737 180,705
Growth 2012-2017 0.20% 0.10% 0.90%
Growth 2010-2012 -0.40% -0.30% 0.20%
Owner Occupied 6,097 40,269 103,804
Renter Occupied 2,404 25,266 77,209
2012 Avg Household Income $57,675 $57,642 $60,594
2012 Med Household Income $49,786 $47,405 $46,635
2012 Per Capita Income $22,790 $23,120 $24,791
2012 Households by Household Inc:
Income Less than $15,000 1,020 7,979 25,808
Income $15,000 - $24,999 884 7,367 20,480
Income $25,000 - $34,999 969 7,518 20,084
Income $35,000 - $49,999 1,392 11,387 29,174
Income $50,000 - $74,999 2,058 14,839 36,331
Income $75,000 - $99,999 1,175 8,213 20,952
Income $100,000 - $149,999 794 6,066 18,876
Income $150,000 - $199,999 130 1,519 5,724
Income $200,000+ 79 644 3,572
Contact Us
EXP Realty Advisors 118 East 28th Street
Suite #901 New York, NY 10016
Phone: (212) 972-3947 Fax: (212) 686-0078 www.exp1031.com
Our Team
Daniel de Sa‘ Director of Sales
Robert P. James President
In cooperation with Maryland Broker: Metropolitan Management LLC #58654
