7-Eleven - Frederick, CO

NEW CONSTRUCTION | LONG TERM LEASE
Built in November 2019, there are +/- 14 years remaining on a NN lease with a 7% rental escalation every 5 years, providing investors with a long-term income stream with a built-in inflation hedge.

INVESTMENT GRADE GUARANTEE (AA- S&P)
The subject lease is guaranteed by 7-Eleven corporate, which has an investment-grade credit rating of AA- from the S&P. 7-Eleven is the world’s most recognized convenience store brand with over 63,000 locations worldwide.

ESSENTIAL RETAILER | SUCCESS THROUGHOUT COVID-19
7-Eleven and other C-store counterparts have been deemed as essential businesses throughout the COVID-19 pandemic. According to CSP, industry data suggests the COVID-19 quarantine has had a positive effect on store sales, up to a 5% sales increase all across the U.S.

HIGH GROWTH AND AFFLUENT AREA | 14% PROJECTED POPULATION GROWTH
Frederick ranks as one of the best places to live in Colorado offering attractive amenities such a community parks, golf courses, 25 skiing areas in driving distance, and over 300 sunny days a year. The high quality of life associated with Fredericks attributes to the projected growth rate of 14.4% and median income of +/- $101,536 within a 5 mile radius of this 7-eleven location.

POSITIONED OFF THE I-25 | 123,000 VPD
This asset is positioned off the I-25 Hwy 52 exit which experiences +/- 123,000 VPD. I-25 allows this asset to capture a number of commuters, as the interstate provides a direct route from Fort Collins to Denver.

LARGE SCALE GROWTH DURING UNCERTAIN TIMES
7-Eleven announced in March their plans to hire 20,000 new employees during the covid-19 pandemic to help meet the surge in their delivery orders through its 7NOW delivery app. Since that time the company estimates the organization and independent 7-Eleven franchise owners have hired more than twice that many employees, over 50,000.

$21 BILLION SPEEDWAY ACQUISITION
7-Eleven, Inc. has recently entered into an agreement to acquire 3,900 Speedway stores located in 35 states, for $21 billion in cash. This acquisition is the largest in company history and seeks to accelerate corporate growth, enhance economies of scale, and strengthen 7–Eleven’s financial profile. This transaction is expected to produce a compounded annual growth in 7–Eleven’s operating income and EBITDA of over 15% through the first three years following the close of the acquisition.

ADJACENT TO THE GLACIER BUSINESS PARK
This asset is located adjacent to the Glacier Business Park, an 8 building 84,000 SF development, providing this asset with a future built in customer base.