7-Eleven - Reno, NV

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present for sale the single-tenant 7-Eleven in Reno, NV (the “Property” or “Asset”). Upon completion of construction in 2025, 7-Eleven (the “Tenant’) will operate on a 15-year Absolute NNN lease with 10% rent increases every five-years, three, 5-year options to extend, and zero landlord responsibilities. This location includes 10 multiple product dispensers (MPD’s) and high-speed diesel availability.

The Asset is situated on the Southwest corner of Golden Valley Rd and N Virginia St with direct access to US 395 and clear exposure to nearly 85,000 VPD. It sits less than 5-miles east of the site is downtown Reno, and 45-minutes from Lake Tahoe. Since 2010, the 3-mile population has increased by more than 30%, making it one of the fastest-growing pockets of Northern Nevada. To accommodate the growth, nearly 500,000 square feet of industrial, retail, and multi-family space is currently under development or in proposal within 1-mile of the Asset.

This offering presents an opportunity to acquire a high demand Asset occupied by the leading convenience store chain on a long-term lease with zero landlord obligations in a major growth market.