Even though online shopping seems to dominate the present trend, commercial property investors should not overlook convenience stores as a relatively safe retail property investment. One example is the world’s biggest convenience store retailer: 7-eleven.
If you are looking for a triple net property that performs well not only in a good economy but even in recessions, then the NNN 7 eleven for sale is your best bet.
What Makes 7-Eleven Properties a Good Investment?
Even during these uncertain times, 7-eleven stores are being opened all over the world approximately every 3.5 hours. At present, there are 72,374 stores established in 17 countries, and 9500 of them are in the United States.
7-eleven has more to offer other than its famous Slurpee drinks. It is a well-established company that is perfect for net lease investment, generating about $650 billion per year from its 153,000 stores.
Its history dates back to 1927 when Joe C. Thompson (an employee of Southland Ice Co.) started selling milk, eggs and bread along with ice blocks. Eventually, Thompson bought the company and renamed it The Southland Corp. The name changed to 7-11 when their businesses’ hours extended from 7 am to 11 pm. Right now, their stores are open 24/7 but the 7-eleven name endured.
What To Consider When Investing in 7 Eleven NNN Properties for Sale
Other than a franchise, you can also invest in 7 eleven for sale to gain a high return rate compared to other types of investment opportunities.
If you want an investment that catapults you to a greater height, then NNN real estate investment is a smart choice. The consumer market constantly undergoes evolution and you can also use this to your advantage.
Below are things you should consider when investing in an NNN real estate property.
- Consider the Location of the 7-eleven Property. Never underestimate the good location of an NNN 7-eleven for sale property. Ensure that the physical location of the property is accessible and attracts potential clients. An NNN property that is in a high-traffic location will surely increase profitability and investment security. Find properties with strong anchor locations surrounding the 7-eleven property.
- Check out the business potential. One of the critical factors influencing the NNN property investment is the business type. Investing in a recession-proof business is a smart move. It has the potential to attract customers regardless of the economic situation. Convenience stores surely attract customers all year round, making it a good business potential.
- The long-term value of the business brand. Investing in a high yield business brand like 7 eleven for sale means you are making better investment deals. People tend to trust companies that are more recognizable than others. As a result, you will get higher royalties compared to investing in unknown businesses. People trust the company’s level of experience and this loyalty of customers will be the reason why you won’t have to worry about your business closing.
Perks of Investing in 7-Eleven NNN Properties
Since it is a low volatile yet stable investment, lots of investors rush in to NNN ventures. Before you join the bandwagon, be sure to check out these perks of investing in 7-eleven NNN property for sale:
It is a famous business
The company’s popularity is one of the reasons why it attracts more clients and yields high profits. There are thousands of 7-eleven stores not just in the United States but all over the world. They are likely to retain their reputation in the marketplace, making it worth the investment.
The company’s achievements and attractive history
Since its establishment in 1927, it has gained a lot of achievements. It has been featured in Entrepreneur Magazine’s Annual Franchise 500 and was part of top-ranking on 17 occasions.
Its reputation as the retailer of the largest sodas in the US and famous for introducing to-go coffee cups and self-serve soda fountains. And who can forget that it is one of the first convenience store chains to operate 24 hours daily?
It offers admirable revenues
As of 2019, the company has an estimated revenue of $18.66 billion. Take note that each 7-eleven store makes around $1.4 million per year.
It has impressive vehicle traffic and business-friendly locales
On a daily average, 7-eleven locations have around 25 thousand vehicle traffic. This is an indicator of a healthy business and one that is sustainable. They are also usually located near a business-friendly neighbourhood. For example, is the 7-Eleven for sale in Florida which has maintained its reputation as a successful enterprise.
Usually, its gas stations are located in busy areas while their non-gasoline convenience stores are found in favourable places.
It offers highly demanded products
7-eleven stores offer highly in demand commodities and this is why they bloom. Their consistency and their engagement in the retail and household products like dairy, snacks, beverages and etcetera. By selling highly demanded products, lots of customers flock to their stores. This makes it a lucrative business venture.
It has a good reputation
A company with a good reputation is more attractive to its customers. 7-eleven Incorporated has built a reputable name for itself over time. Its decent, reliable and ethical operations are reasons why it has gained the loyalty of its customers.
Fair lease duration
One important factor you should consider when you acquire a real estate property. You should invest in a real estate property that offers sufficient lease duration like 7-eleven properties for sale. Their lease duration usually lasts up to 20 years.
Bottomline
As part of the industry that thrived during the pandemic, there is no doubt that convenience stores are great triple net investments. The right NNN property investment will surely help you build your wealth right away with steady, immediate and guaranteed income. Just be sure to weigh the pros and cons of your options and find what works best.
If you are looking for a real estate property to help diversify your investment portfolio, buying 7-11 Real Estate For Sale is a wise choice.
You can use the info above so you can start achieving your investment goals. For more details on how to grow your business, check out our site.