7-Eleven Inc. is the world’s largest, franchisor, and licensor of convenience stores with more than 60,000 stores located in 17 countries around the world. The company actually started on an ice dock in 1927 by “Uncle Johnny” Jefferson who had the bright idea to start selling everyday staples from a dock in Dallas, Texas.
By 1947, the names changes from Tote’m Stores to 7-Eleven to reflect the new extended hours – 7 a.m. to 11 p.m., seven days a week. In 1963, a 7-Eleven location near a university in Austin, Texas opens all night to accommodate students and the 24/7 …
Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, has recently completed another sale of a 7-Eleven property, this one located at 900 Chillum Road, Hyattsville, MD 20782. The 1,710 square foot building is 100% leased to 7-Eleven and sold for over $1.7M. The newly renovated convenience store is situated on the hard signalized corner of Riggs Road and Chillum Road, just across the DC border. 7-Eleven opened for business in June of 2016 and the purchaser wanted to start enjoying the cash flow benefits of the full 15 year ground lease.
The purchaser is a local partnership, executing a …
Fort Lauderdale, FL – Calkain’s Managing Partner, Patrick Nutt and Executive Managing Director, Andrew Fallon have recently completed the sale of a 7-Eleven property located at 12720 SW 200th Street in Miami, FL. The 3,062 square foot building is 100% leased to 7-Eleven and sold for $1,330/PSF. The newly constructed building is situated across the intersection from Publix, Walgreens and Bank of America shopping center. The 7-Eleven established operations in December 2015 under a 15 year net lease.
We continue to see investors looking for passive net lease investments occupied by best-in-class national retailers like 7-Eleven, with an insatiable
Herndon, VA – Andrew Fallon, Calkain’s Executive Managing Director, is bringing to market a 7-Eleven ground lease in Hyattsville, MD this week. For an investor looking for a net lease investment, this asset presents a great opportunity to enter the marketplace at a $1,905,000 purchase price. As a recently renovated facility, the grand opening is scheduled for June 23rd 2016. With a highly visible location supported by strong demographics, this asset is an absolute NNN ground lease with no landlord responsibilities. Additional information on this listing can be found here.