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7-Eleven 8306 Tacoma Mall Blvd

2,800 SF Retail Building Tacoma, WA 98499 £4,510,111 (£1,611/SF) 4.85% Net Initial Yield

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Investment Highlights

An absolute NNN single-tenant 7-Eleven with 10.4 years remaining and rare 10% increases every five years
Low 7-Eleven rent, average new rents are almost double what they are paying
Top 20% of 7-Eleven locations in U.S. for annual visits, with 313.7K visits at this location, per Placer.ai

Zero Landlord maintenance or expense responsibilities – tenant handles all expenses directly including repairs & replacements
Income tax free state
High visibility and excellent access on a hard signalized corner, featuring I-5 freeway frontage with direct on-ramp access

Executive Summary

An absolute NNN 7-Eleven with over 10 years remaining in the primary term, featuring rare 10% rental increases every 5 years. The subject property, which underwent a full rebrand/remodel by 7-Eleven in 2020, includes a convenience store and a gas station with 12 pumps. Its location boasts high visibility with direct freeway frontage on Interstate 5 (157K VPD) in Lakewood, a densely populated Tacoma submarket. Investor benefits from fee simple ownership, conveying both land and improvements, allowing for accelerated depreciation where applicable.

7Eleven_TacomaWA