$4,544,444$4,544,444.00.00

4.50% CAP Rate | $204,500 NOI4.50% CAP Rate | $204,500 NOI

Brandi M. HoBrandi@MAJCRE.com 360.823.5112

Blake D. FederinkoBlake@MAJCRE.com 360.823.5111

Exclusively Marketed By:

NNN Leased Investment7-Eleven with Fuel

SWC 176th & 78th Street, Puyallup, WA

Rendering -Under Construction-

Tim Webertweber@firstwestern properties.com 253.471.5502

Michael A. JenkinsMike@MAJCRE.com 360.823.5102

Jailen’s Place78-Unit Multi-Family

Community-Under Construction-

THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant Net Leased Investment located in Puyallup, Washington. The newly developed property, consisting of a convenience store and fueling station, is leased to 7-Eleven Corporate on a new 15-year NNN Lease. Located adjacent to Jailen’s Place, a 78-unit apartment community, and in close proximity to Walmart Supercenter, Fred Meyer, Kohls, Bank of America, Peirce County Airport Thun Field and many more.

176TH ST. - 28,000 VPD176TH ST. - 28,000 VPD

Jailen’s Place78-Unit Multi-Family

Community-Under Construction-

176TH ST. - 28,000 VPD176TH ST. - 28,000 VPD

Price | $4,544,444CAP Rate | 4.50%

Land Area41,375+/- SqFt

Tenant7-Eleven

Year Built2020

MPD’s4

Lease GuarantorCorporate Guarantee

Building Size3,000+/- SqFt

Completion DateSeptember 2020

Tenant’s Right of First RefusalYes

Inve

stm

ent

Over

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Parking18 Spaces

Newly Developed

Located near JBLM with more than 250,000 military

residents

15-Year NNN Lease w/ Rent Increases

Located in an Income Tax Free State

Jailen’s Place Apartments-Under Construction-

TAXES Tenant Responsible (See Sec. 7 of Lease) INSURANCE Tenant Responsible (See Sec. 14 of Lease)MAINTENANCE Tenant Responsible (See Sec. 8 of Lease)UTILITIES Tenant Responsible (See Sec. 6 of Lease)

GUARANTOR 7-Eleven Corporate

TERM 15-Year Primary Term

INCREASES See Enclosed Rent Roll

EXTENDED TERMS 4, 5-Year Options

NOI $204,500.00

LEASE TYPE NNN Lease

Leas

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ary

6

TENANT SUMMARYWebsite: 7-ElevenLease Guarantor: 7-Eleven CorporateS&P Credit Rating: AA-Parent Company: Seven & Holdings, Ltd.Number of Locations: 70,000+/-

Headqarters: Irving, TX

Website: www.7-Eleven.com

7-Eleven is the world’s #1 convenience store with sales of $89 billion in 2016. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 63,000 stores in 18 countries, including 10,900 in North America. 7-Eleven focuses on meeting the needs of convenience-oriented customers by providing a broad selection of fresh, high quality products and services at everyday fair prices, speedy transactions and a clean and friendly shopping environment. Each store’s selections of about 2,500 different products and services is tailored to meet the needs and preferences of local customers.

7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treat and every favorites, at an outstanding value. Customers also count on 7-Eleven for payments services, self service lockers and other convenient services.

Ten

ant

Over

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7

Term202020252030

1st Option 2nd Option3rd Option4th Option

Years1-5

6-1011-15

16-2021-2526-3031-35

Monthly Rent$17,041.67$18,745.84$20,620.44

$22,682.48$24,950.73$27,445.80$30,190.38

Annual Rent$204,500.04$224,950.04$247,445.28

$272,189.76$299,408.76$329,349.60$362,284.56

Ren

t R

oll

8

Sale Price $4,544,444.00

Net Operating Income $204,500.00

Scheduled Income $204,500.00Less Operating Expenses

CAMsProperty TaxesInsuranceTotal Expenses

TENANTTENANTTENANT

($0.00)

Fin

anci

al S

um

mar

y

9

CAP Rate 4.50%

Site

Pla

n10

Aer

ial

12

SITESITE

BOEINGBOEING

SITESITE

PIERCE PIERCE COUNTY COUNTY AIRPORTAIRPORT

New

Inte

rior

For

mat

14

Dem

ogra

phic

s16

5 MILE RADIUS

3 MILE RADIUS

1 MILE RADIUS

PopulationEst. 2019Proj. 2024Pop. Growth

11,792 77,390 183,68612,920 84,871 200,7619.57% 9.67% 9.30%

1 Mile 3 Mile 5 Mile

AGEAGE

Median Age36.4 Years Old

GenderMale 48.7%Female 51.3%

2018 Avg. Income1 Mile $268,2653 Mile $274,5225 Mile $277,363

The City of Puyallup is situated at the foot of scenic Mount Rainier in the beautiful Puget Sound region 10 miles east of Tacoma and approximately 35 miles south of Seattle. It’s an easy commute on Sound Transit’s Sounder train to Tacoma, Seattle and many cities in between.

In its early years, Puyallup was known for its hops, berries and flowers. Today many events, such as the Washington State Fair, the Daffodil Festival and Parade, and the Puyallup Farmers Market pay tribute to the city’s agricultural past. But there’s much more happening in Puyallup than meets the eye. Two regional retail centers in downtown and South Hill offer a variety of shopping and dining opportunities. Great parks, excellent K-12 schools, and a modern regional medical center are some of the amenities appreciated by residents and visitors alike.

PUYALLUP, WA

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Washington State Fair - Puyallup WA

The Washington State Fair, formerly the Puyallup Fair, is the largest single attraction held annually in the state of Washington. The fair, which includes agricultural and pastoral displays and shows, amusement rides, and a concert series, continually ranks in the top ten largest fairs in the United States.[1] The Washington State Fair hosts two annual events: the 21-day Washington State Fair every September, and the four-day Washington State Spring Fair every April.

Situated in Puyallup, 35 miles (56 km) south of Seattle and 10 miles (16 km) east of Tacoma near Mount Rainier, the fairgrounds comprise 160 acres (0.65 km2), with buildings and land valued at more than $54 million. The facilities are available for rent throughout the year, making the grounds a valuable community resource. It offers various seasonal festivals, such as the Victorian Country Christmas, as well as races, concerts, car shows, and sporting expositions, such as the International Sportsman’s Exposition. A staff of 55 works year-round. Over 7,500 employees are hired each September during the Fair

Washington State Fair - Puyallup WA

300 West 15th Street, Suite 201Vancouver, WA 98660

360.699.4494www.MAJCRE.com

While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material,

including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.