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7-Eleven, Inc.
1769 Washington Blvd, Baltimore, MD
Phone: 212.972.3947 Fax: 212.686.0078 [email protected] www.exp1031.com
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
Located a half mile from I-95 and situated at a signalized intersection
Adjacent to Burger King and across the street from a 1.3 million sq ft business center
Less than 3 miles from Baltimore’s central business district
Approximately 230,000 people within a 3 mile radius
Price: $1,525,000 | CAP: 5.25% | NOI: $79,990
Not Subject Property
Exclusive Offering
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.
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 at the signalized intersection of Washington Blvd & S Monroe St. This 7-Eleven is adjacent to a Burger King and across the street from Montgomery Park, an 8 story, 1.3 million sq ft business center. The property is a half mile from the entrance/exit to I-95. I-95 is the main thoroughfare connecting Baltimore and Washington, D.C. This property includes gas pumps and convenience. 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.
7-Eleven
1769 Washington Blvd, Baltimore, MD
INVESTMENT SUMMARY
Price: $1,525,000
CAP Rate: 5.25%
NNN Rent: $79,990
Bld. Sq Ft: 3,010 +/- sf
Land Size: .470 acres
Lease Type: Absolute Triple Net
Not Subject Property
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
1769 Washington Blvd, Baltimore, MD
AERIAL 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
1769 Washington Blvd, Baltimore, MD
Montgomery Park Business Center
1.3 million sq. ft.
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
1769 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
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
DEMOGRAPHIC DATA
7-Eleven
1769 Washington Blvd, Baltimore, MD
Radius 1 Mile 3 Mile 5 Mile
Population:
2017 Projection 22,165 230,150 517,433
2012 Estimate 22,442 228,051 511,203
2010 Census 22,767 226,764 507,459
Growth 2012-2017 -1.20% 0.90% 1.20%
Growth 2010-2012 -1.40% 0.60% 0.70%
2012 Population By Hispanic Origin 1,002 9,108 24,903
2012 Population by Race:
White 8,031 68,073 182,590
Black or African American 12,444 143,901 286,622
American Indian and Alaska Native 113 684 1,845
Asian 646 6,442 16,929
Native Hawaiian and Pacific Islander 10 104 257
Other Race 503 3,727 10,697
Two or More Races 694 5,121 12,263
Households:
2017 Projection 8,367 95,015 208,425
2012 Estimate 8,453 93,202 204,664
2010 Census 8,620 92,648 203,550
Growth 2012-2017 -1.00% 1.90% 1.80%
Growth 2010-2012 -1.90% 0.60% 0.50%
Owner Occupied 3,143 33,229 90,243
Renter Occupied 5,310 59,974 114,420
2012 Avg Household Income $40,095 $47,819 $52,270
2012 Med Household Income $28,519 $32,592 $37,231
2012 Per Capita Income $15,780 $21,344 $22,345
2012 Households by Household Inc:
Income Less than $15,000 2,456 24,200 44,392
Income $15,000 - $24,999 1,221 13,445 27,221
Income $25,000 - $34,999 1,282 11,106 24,623
Income $35,000 - $49,999 1,247 13,304 30,774
Income $50,000 - $74,999 1,238 14,739 34,902
Income $75,000 - $99,999 474 6,751 17,727
Income $100,000 - $149,999 351 5,813 16,052
Income $150,000 - $199,999 105 2,215 5,114
Income $200,000+ 80 1,627 3,851
