Representative Photo
7-ELEVEN - HAWAIIAN GARDENS, CA
JAMES CAPITAL ADVISORS, INC.
7-ELEVEN - HAWAIIAN GARDENS, CA
MARKETING PACKAGE
7-Eleven
12300 E. Carson St Hawaiian Gardens, CA 90716
CONTENTS
PAGE
Investment Summary
03
Lease Summary
04
Rent Schedule
05
Retail Aerial
06
Site Plan
08
About the Brand
09
Location Overview
10
CONTACT INFORMATION
NINA VALTCHANOV Associate (424) 325-2624
Representative Photo
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
INVESTMENT SUMMARY Tenant
7-Eleven
Street Address
12300 E. Carson St
City
Hawaiian Gardens
State Zip GLA Lot Size Year Built
CA 90716 2,940 SF
$3.4M 4.25% 4.25% $145,000 $145K $3,411,764 PURCHASE PRICE
CAP RATE
NET OPERATING INCOME
0.44 AC 2020 Representative Photo
Exceptional Asset for the Passive Investor 7-Eleven will operate on a Ground Lease with tenant fully responsible for maintenance, insurance and taxes providing the landlord with a zero maintenance asset. Ample Rent Growth - 10% Increases Every 5 Years There are 10% rental increases built into the lease every 5 years, providing the landlord with positive rent growth and a hedge against inflation. Corporate Guarantee This lease is fully backed by 7 Eleven, Inc, a subsidiary of Seven & I Holdings Co. which produced over $112 billion in revenue fiscal year ending 2/29/2020. Brand New 15 Year Lease The lease features an initial term of 15 years with an additional three, five-year options to extend the lease until 2050, indicating a strong commitment to the site. Representative Photo
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
LEASE SUMMARY Lease Type
Ground Lease
Real Estate Taxes
Tenant Responsible
Type of Ownership
Ground Lease
Insurance
Tenant Responsible
15 Years
Roof & Structure
Tenant Responsible
Est. Q2 2020
Lease Guarantor
Corporate
Lease Expiration
Est.Q2 2035
Company Name
7-Eleven, Inc
Term Remaining
15 Years
Original Lease Term Commencement Date
Increases Options
10% Every 5 Years Three (3), 5-Year
Ownership Years in Business Number of Locations
Public 93 70,000+ Representative Photo
Globally Recognized Brand 7-Eleven was founded in 1927 and is today headquartered in Dallas, TX with a total of over 70,000 stores present in 17 countries internationally. Brand New 2020 Build-to-Suit Development This asset is a brand new build-to-suit with expected delivery date in Q2 2020. 2nd Largest MSA Nationwide Nationwide This asset is part of the Los Angeles MSA which is the 30th largest metropolitan area in the world and the second-largest metropolitan area in the United States with a total population of nearly 18.8 million people in 2017. Strong Demographics There are over 204,307 people within 3 miles of the subject property with an estimated average household income of $111,508. Representative Photo
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
RENT SCHEDULE PERIOD
TERM
ANNUAL RENT
MONTHLY RENT
INCREASE
CAP RATE
Years 1-5
Base Term
$145,000
$12,083.33
-
4.25%
Years 6-10
Base Term
$159,500
$13,291.67
10%
4.68%
Years 11-15
Base Term
$175,450
$14,620.83
10%
5.14%
Years 16-20
1st Option
$192,994
$16,082.83
10%
5.66%
Years 21-25
2nd Option
$212,294
$17,691.17
10%
6.22%
Years 26-30
3rd Option
$233,523
$19,460.25
10%
6.84%
Representative Photo
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
RETAIL AERIAL
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
RETAIL AERIAL
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
SITE PLAN
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
ABOUT THE BRAND
7-Eleven is a Japanese-owned American international chain of convenience stores, headquartered in Irving, Texas, that operates, franchises, and licenses some 70,000+ stores in 17 countries as of January, 2020. 7-Eleven is a brand that’s recognized worldwide. They have made a reputable name for themselves in the franchise business and are consistently ranked as a top-five franchisor. 7-Eleven stores are extended-hour retail convenience stores that emphasize convenience to the guest and provide a broad array of products, including many not traditionally available in convenience stores, to meet the changing needs of guests. These products include an assortment of high-quality fresh food, hot food and proprietary beverage offerings, and private brand items. 7-Eleven stores are generally open every day of the year, with the vast majority open 24 hours a day, and are located in neighborhood areas, on main thoroughfares, in shopping centers, or on other sites where they are easily accessible and have parking facilities for quick in-and-out shopping.
60k 12K 70,000+
WOLRDWIDE LOCATIONS
11,800+
LOCATIONS IN U.S.A
1.7k 1,760
LOCATIONS IN CALIFORNIA
Seven & I Holdings Co., Ltd is a Japanese diversified retail group headquartered in Nibancho, Chiyoda, Tokyo, Japan. Seven & I Holdings Co. was established on September 1, 2005 as the parent company of the 7-Eleven Japan chain of convenience stores. Seven & I Holdings covers a globally unrivaled, diverse range of business categories, including convenience stores, superstores, department stores, specialty stores, and financial services and have a global network of stores with approximately 64 million customer visiting their stores a day. Some of their major subsidiaries and affiliates include: 7-Eleven Inc, Life Foods Co., Ltd., Seven Farm Co., Ltd, Seven Bank, Ltd. DAIICHI CO., Ltd. and more. In 2019, Seven & I Holdings Co. was named the fifteenth largest retailer in the world with an international global revenue of $56.5 billion and an international revenue of $18.5 billion. This ranking beat out competitors like IKEA, McDonald’s, Lowe’s and more.
AAAA-
S&P RATING
09
A1 A1
MOODY’S RATING
278 278
FORES RANKS
12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
LOCATION OVERVIEW
Hawaiian Gardens The City of Hawaiian Gardens is located 20 miles from the heart of Downtown Los Angeles with a healthy economy and current unemployment rates as low as 4.6%. Los Angeles County Real Estate Market The Greater Los Angeles Area has seen a steady growth in rental rates the past decade and overall vacancies experienced a low of 9.7% in Q2 2019, a trend which is expected to continue into 2020. Hawaiian Gardens Casino Located less than a mile from the subject property lies the Hawaiian Gardens Casino which attracts thousands of visitors on an annual basis and further drives traffic to the site. Active School District This 7-Eleven is located within a two-mile radius from the city’s main school district, serving all ages between Elementary up to High School level.healthy economy and current unemployment rates as low as 4.6%.
The Los Angeles Metropolitan Area The Los Angeles metropolitan area, also known as Metropolitan Los Angeles or the Southland is the 30th largest metropolitan area in the world and the second-largest metropolitan area in the United States. The economy of the Los Angeles metropolitan area is famously and heavily based on the entertainment industry, with a particular focus on television, motion pictures, interactive games, and recorded music. Other significant sectors include shipping/international trade – particularly at the adjacent Port of Los Angeles and Port of Long Beach, together comprising the United States’ busiest seaport – as well as aerospace, technology, petroleum, fashion and apparel, and tourism. The Los Angeles-Orange County metro area alone has an economy of roughly $1.044 trillion or the total economic output or income of Indonesia’s 250 million people. The Port of Los Angeles and Port of Long Beach together comprise the fifth-busiest port in the world, being the center of imports and exports for trade on the west Pacific Coast as well as being one of the most significant ports of the western hemisphere.
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
LOCATION OVERVIEW
1. The Gardens Casino 11871 E. Carson St, Hawaiian Gardens, CA 90716 1 MILE FROM SUBJECT PROPERTY
2. CSU Long Beach 1250 Bellflower Blvd, Long Beach, CA 90840 6.3 MILES FROM SUBJECT PROPERTY
3. Knott’s Berry Farm 8039 Beach Blvd, Buena Park, CA 90620 5.2 MILES FROM SUBJECT PROPERTY
4. Aquarium of the Pacific 100 Aquarium Way, Long Beach, CA 90802 17.6 MILES FROM SUBJECT PROPERTY
5. Seal Beach 900 Ocean Ave, Seal Beach, CA 90740 9.3 MILES FROM SUBJECT PROPERTY
6. DisneyLand Park 1313 Disneyland Dr, Anaheim, CA 92802 11.3 MILES FROM SUBJECT PROPERTY
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12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
LOCATION OVERVIEW
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02
The Gardens Casino
CSU Long Beach
Knott’s Berry Farm
Featuring plenty of flat-screen TVs & 100 of slot machines, this casino offers a wide variety of table games.
The 322-acre campus is the third largest of the 23-school CSU system with over 37,000 enrolled students.
Knott’s Berry Farm is a 57-acre theme park located in Buena Park, California, owned and operated by Cedar Fair.
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Aquarium of the Pacific
Seal Beach
Disneyland Park
The Aquarium of the Pacific is a public aquarium on a 5-acre site on Rainbow Harbor in Long Beach, CA.
Seal Beach is a wide sandy beach packed with sunbathers, a grass park & the Seal Beach Municipal Pier.
This famous amusement park has had over 726 million visitors since it opened & provides jobs for over 20,000 people.
12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
7-ELEVEN - HAWAIIAN GARDENS, CA
DEMOGRAPHICS
POPULATION
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1-Mile
3-Mile
5-Mile
2024 Projection
33,587
206,139
562,950
2019 Estimate
33,474
204,307
555,375
2010 Census
34,135
203,907
540,472
Growth ‘19 - ‘24
0.34%
0.90%
1.36%
Growth ‘10 - ‘19
-1.94%
0.20%
2.76%
HOUSEHOLDS
1-Mile
3-Mile
5-Mile
2024 Projection
9,777
66,053
182,974
2019 Estimate
9,746
65,499
180,453
2010 Census
9,966
65,636
175,568
Growth ‘19 - ‘24
0.32%
0.85%
1.40%
Growth ‘10 - ‘19
-2.21%
-0.21%
2.78%
Average Income
$80,565
$111,508
$99,736
Median Income
$65,625
$91,417
$79,235
12300 E. CARSON ST, HAWAIIAN GARDENS, CA 90716
JAMES CAPITAL ADVISORS, INC.
DISCLAIMER
The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto. The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants. A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.
CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.
RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.
NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.
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FOR INQUIRIES
PLEASE CONTACT NINA VALTCHANOV
joel cukier
REED MELILLO
(424) 325-2624
(424) 325-2618
(424) 325-2606
Associate
nina@jamescapitaladvisors.com CA RE Lic. 02084952
Senior Associate
joel@jamescapitaladvisors.com CA RE Lic. 02005095
Senior Director
reed@jamescapitaladvisors.com CA RE Lic. 01984199
Representative Photo
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