7 - Eleven Lake Tahoe, CA NNN Investment

7 - Eleven Lake Tahoe, CA NNN Investment Property Images & Information

7 - Eleven Lake Tahoe, CA NNN Investment Property Description

Faris Lee Investments is pleased to present the opportunity to acquire a rare fee simple interest in a nationally recognized, investment-grade retail asset anchored by 7-Eleven, one of the world’s largest convenience store operators and a wholly owned subsidiary of Seven & i Holdings (Tokyo Stock Exchange: 3382; S&P: A-). Strategically positioned within the highly supply-constrained Lake Tahoe trade area, the property benefits from exceptional real estate fundamentals driven by strict development restrictions, affluent surrounding demographics, and year-round tourism. 7-Eleven has successfully operated at this proven location since 1969 (57 years), demonstrating more than five decades of continuous occupancy while serving both the affluent local community and over 15 million visitors per year drawn to Lake Tahoe’s premier recreational destinations. The property enjoys excellent visibility along North Lake Boulevard, the region’s primary commercial corridor, and is surrounded by established residential neighborhoods, schools, parks, and recreational amenities that generate consistent customer traffic throughout the year. The investment is secured by a corporate-executed lease featuring approximately four years of remaining primary term and two additional five-year renewal options at fair market value, providing investors with the opportunity for long-term income stability. The lease is structured as an absolute triple-net (NNN) lease, with 7-Eleven responsible for their pro rata share of operating expenses, repairs, maintenance, roof, parking lot, landscaping, taxes, insurance, and utilities, creating a truly passive ownership opportunity with virtually no landlord responsibilities. As one of the largest convenience store operators in the world, with more than 85,000 locations across 19 countries and approximately $114 billion in annual revenue, 7-Eleven provides exceptional corporate credit strength and dependable cash-flow backed by an internationally recognized retailer. The offering includes fee simple ownership of both the land and improvements within one of Northern California’s most protected and difficult-to-replicate retail markets. Development restrictions throughout the Lake Tahoe Basin significantly limit future commercial construction, creating substantial barriers to entry and enhancing the long-term intrinsic value of existing retail assets. Having traded only twice over the past 50 years, the property represents an exceptionally rare investment opportunity within a market where available inventory is extremely limited. Supported by an affluent trade area with average household incomes exceeding $179,000 within a three-mile radius, average home values exceeding $2.5 million within one mile, and consistent year-round tourism generated by world-class skiing, recreation, and lakefront attractions, this offering provides investors with a secure, passive investment backed by both exceptional corporate credit and irreplaceable real estate fundamentals.

Exclusive Investment Highlights

• 7-Eleven / Corporate executed lease / S&P credit rating (A-)
• 7-Eleven long term historical occupancy - 7-eleven has operated at this proven location since 1969 (57 years)
• Absolute triple net (NNN) lease – ease of management
• Generational real estate / trophy asset located within development restricted Lake Tahoe trade area
• Affluent trade area demographics & high traffic – Lake Tahoe. Average household income is over $179,000 within a 3-mile radius
• 2-Tenant NNN leased investment – 100% leased

Area Overview

Tahoe City, California, is one of the Sierra Nevada’s most storied and dynamic alpine commercial districts, recognized for its seamless blend of deep historical roots and a rapidly evolving landscape of recreation and residential development. Situated at the unique convergence of Lake Tahoe and its only outlet, the Truckee River, the unincorporated town has since matured its commercial corridor into a vibrant destination that the Tahoe Regional Planning Agency and local business alliances describe as a premier mountain village, featuring a world-class outdoor recreation scene, award-winning independent lakefront dining, and a thriving seasonal economy centered along North Lake Boulevard. Significant investment and environmental redevelopment are currently reshaping Tahoe City’s built environment and long-term growth trajectory. Major infrastructure and modernization initiatives—such as the State Route 89 Fanny Bridge Community Revitalization project, the Tahoe City Complete Streets program, and the multimillion- dollar Tahoe City Downtown Access Improvements at Grove Street—are anchoring the commercial core with enhanced pedestrian mobility, electric vehicle infrastructure, and vital watershed protections. The residential fabric beyond the bustling waterfront corridor remains highly coveted, characterized by a mix of mid-century A-frames, rustic Old Tahoe-style cabins hidden among old-growth pines, and ultra-premium lakefront estates, all operating within a highly competitive market where the median listing price hovers around $1.5 million due to strict basin development caps and intense demand for seasonal properties. From the walkable energy of Commons Beach and the historic Tahoe City Golf Course to the institutional presence of the UC Davis Tahoe Environmental Research Center nearby, Tahoe City offers investors and residents alike a resilient mountain economy grounded in strict conservation stewardship, incomparable natural beauty, and sustained momentum for infill development.

Financial Snapshot

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