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465 N 2500 W, Vernal, UT, 84078

7-Eleven
$1,196,580

Key Information

Cap Rate
5.85%
Tot. SF
2,421
Year Built
1981
Term Remaining
±4.25 YRS
Type
Retail
NOI
$69,999

Highlights

Tenant

  • Top-Rated Tenant: 7-Eleven has investment-grade credit, rated ‘A’ by Standard and Poor’s.
  • Iconic Brand: 84,000+ Locations Worldwide, 13,000+ in the United States and Canada.

Property 

  • High Foot Traffic: Ranks 75th% percentile in terms of foot traffic in the city, according to Alpha Maps.
  • Proven Location: 7-Eleven has operated at this location for 40+ years.
  • Absolute NNN: Offering zero landlord responsibilities.
  • Hedge Against Inflation: Built in rental increases – 10% every 5 years.
  • Low Risk Investment: Below average 7-Eleven market rent, increasing the long-term viability of the tenant.
  • Prime Location: Located on a hard signalized corner.
  • Easy Access: Entrances are located on both cross streets.
  • Stable and Recession-Resistant Industry: Provides you with a consistent income stream.
  • Large Lot Size: Site sits on ±0.80 AC of land.
  • Walk-in Customers From Nearby Educational Institutes: Uintah Highschool (1,808 students), Utah State Uintah Basin; Vernal Campus (500 students), Uintah Middle School (669 students), Terra Academy Charter School (646 students), Maesar Elementary School (550 students).

Demographics

  • Nearby Big Box Retail: Less than 3 miles away from Walmart Supercenter, Sportsman Warehouse, Lowe’s Home Improvement, Boot Barn, Petco, TJMaxx, ROSS Dress for Less, Anytime Fitness, ULTA Beauty, Five Below, Smith’s Market, Family Dollar, Walgreens, Famous Footwear.
  • Nearby National Tenants: KFC, Subway, Little Caesar’s, Sonic, AT&T, Sherwin Williams, UHaul, Wendy’s, Jiffy Lube, McDonalds, Burger King, Taco Bell, Domino’s, Cafe Rio, Denny’s, H&R Block, Arby’s.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 10074529-CN00 (UT)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203