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Views: 33 DOM: 66 Updated: 04.22.24 Posted: 03.12.24 Status: Active

Summary

Price $8,597,500
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,842
Lease Start 03-01-2024
#Units 83,282
Price/SF $1,775.61
Expiration 03-01-2039
Tenant Type Convenience/Gas
NOI $442,770
R. Term 14.9
Ownership Fee Simple
Rent/SF $91.44
Increases 7.5%/5/yrs
Pop 5Mi 202,872
Lot/AC 2.25
Options 4/5yrs/7.5%
AHHI 5Mi $94,346

Lease Highlights

  • Brand-new 2024 construction
  • 7-Eleven recently executed a brand-new 15-year lease with 4 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of Thompson Pl. and Murfreesboro Pike, with access to a combined daily traffic count of 41,400 vehicles. Situated in a dense retail corridor, the property is surrounded by well-known national tenants such as McDonald’s, O’Reilly Auto Parts, Walgreens, Taco Bell, Popeye’s, Advance Auto Parts, and more. The property is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven & I Holdings Co., Ltd
  • # Units:83,282
  • Tenant S&P: A
  • Moody’s: Baa2
  • Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,004 51,619 218,044
2023 Total Population : 14,406 51,337 202,872
2023 Employed Civilian Pop : 7,741 26,761 111,061
2023 Total Businesses : 436 4,446 12,599
2023 Average Household Income : $ 58,085 $ 69,867 $ 94,346
2023 Total Consumer Spending : $ 309 M $ 1309 M $ 7094 M
2023 Median Age : 33 34 35
2023 Total Households : 5,986 21,267 86,022
2023 Pop Age 25+: Bachelor's Degree : 2,072 8,683 41,723
2023 Average Home Value : $ 390,321 $ 397,325 $ 463,787
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Thompson Lane Lawndale Dr 2022 11,795 0.16 mi
Murfreesboro Pike Vultee Blvd 2017 1,229 0.20 mi
US 41;US 70S Murfreesboro Pike 2021 26,134 0.25 mi
Murfreesboro Pike Menzler Rd 2022 23,540 0.25 mi
Murfreesboro Pike Mill Creek Valley Rd 2022 29,591 0.30 mi
SR001 Kermit Dr 2020 22,600 0.36 mi
Murfreesboro Pike Kermit Dr 2018 23,442 0.40 mi
Currey Road Greymont Dr 2022 2,764 0.62 mi
Vultee Boulevard Saturn Dr 2022 3,252 0.63 mi
Briley Parkway Kermit Dr 2022 40,338 0.76 mi

Listing Broker

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