7-Eleven, Inc.
3224 Washington Blvd, Baltimore, MD
Tenant: 7-Eleven, Inc. | S&P Rating: AA-
Brand new 15 year ground lease | Rent commencement: January 1st, 2014
10% rent increase every 5 years during base term & options
Just off entrance/exit to I-95
Tenants in the immediate area include McDonald’s, Bank of America and Aldi among others
Less than 5 miles from Baltimore’s central business district
Approximately 150,000 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.
Not Subject Property
Phone: 212.972.3947 Fax: 212.686.0078 [email protected] www.exp1031.com
Exclusive Offering
INVESTMENT OVERVIEW
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 property is situated on Washington Boulevard, between (where it intersects with) West Papatsco Ave and S Caton Ave. Local retailers include Home Depot, Wal-Mart, LA Fitness, Aldi, Bank of America, Hess Express Gas, Midas Automotive, Office Depot, PetCo, Shell Oil and Toyota. The property is located just off the exit of I-95 (exit 50B) and is also in close proximity to I-695. 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: January 1st , 2014 (expected) Lease Expiration: January 31st , 2029 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.
INVESTMENT SUMMARY
Price: $1,525,000
CAP Rate: 5.25%
NNN Rent: $79,990
Bld. Sq Ft: 2,954 +/- sf
Land Size: .386 acres
Lease Type: Absolute Triple Net
7-Eleven
3224 Washington Blvd, Baltimore, MD
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
3224 Washington Blvd, 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
3224 Washington Blvd, Baltimore, MD
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
3224 Washington Blvd, 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
3224 Washington Blvd, 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
3224 Washington Blvd, 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
3224 Washington Blvd, Baltimore, MD
Radius 1 Mile 3 Mile 5 Mile
Population:
2017 Projection 12,099 149,948 410,356
2012 Estimate 12,156 150,109 405,213
2010 Census 12,212 150,588 402,723
Growth 2012-2017 -0.50% -0.10% 1.30%
Growth 2010-2012 -0.50% -0.30% 0.60%
2012 Population By Hispanic Origin 1,027 6,315 17,392
2012 Population by Race:
White 8,096 58,842 158,500
Black or African American 2,813 79,113 214,691
American Indian and Alaska Native 40 492 1,261
Asian 383 5,175 13,496
Native Hawaiian and Pacific Islander 19 83 214
Other Race 455 2,750 7,178
Two or More Races 351 3,654 9,874
Households:
2017 Projection 4,763 57,401 165,998
2012 Estimate 4,791 57,289 162,846
2010 Census 4,833 57,581 161,909
Growth 2012-2017 -0.60% 0.20% 1.90%
Growth 2010-2012 -0.90% -0.50% 0.60%
Owner Occupied 2,824 26,984 72,675
Renter Occupied 1,967 30,304 90,171
2012 Avg Household Income $48,306 $49,674 $54,979
2012 Med Household Income $40,253 $37,346 $39,129
2012 Per Capita Income $19,512 $20,157 $23,577
2012 Households by Household Inc:
Income Less than $15,000 886 11,568 34,277
Income $15,000 - $24,999 506 8,025 20,566
Income $25,000 - $34,999 625 7,152 18,384
Income $35,000 - $49,999 867 9,075 23,661
Income $50,000 - $74,999 1,126 10,715 28,416
Income $75,000 - $99,999 451 5,227 14,993
Income $100,000 - $149,999 256 3,753 14,455
Income $150,000 - $199,999 40 1,007 4,628
Income $200,000+ 35 762 3,455
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