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Views: 90 DOM: 133 Updated: 10.25.24 Posted: 07.10.24 Status: Active

Summary

Price $10,370,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 09-01-2024
#Units 83,282
Price/SF $2,230.11
Expiration 09-01-2042
Tenant Type Convenience/Gas
NOI $544,500
R. Term 17.9
Ownership Fee Simple
Rent/SF $117.10
Increases 10.0%/5/yrs
Pop 5Mi 7,486
Lot/AC 5.70
Options 4/5yrs/10%
AHHI 5Mi $85,669

Lease Highlights

  • Brand-new 2024 construction
  • Rare brand new 18-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of Columbia Highway and Interstate 20, with access to a combined daily traffic count of 49,508 vehicles. The property is conveniently situated near Shaw Industries, a 489,000 SF advanced fiber manufacturing facility that brought hundreds of jobs to the area in 2023. Additionally, the immediate area boasts a variety...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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
2029 Total Population : 474 3,220 6,712
2024 Total Population : 477 3,146 6,536
2024 Employed Civilian Pop : 225 1,335 2,617
2024 Total Businesses : 19 91 125
2024 Average Household Income : $ 78,333 $ 90,887 $ 86,554
2024 Total Consumer Spending : $ 14 M $ 108 M $ 211 M
2024 Median Age : 43 43 43
2024 Total Households : 207 1,316 2,702
2024 Pop Age 25+: Bachelor's Degree : 26 319 666
2024 Average Home Value : $ 212,946 $ 275,632 $ 254,110
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wire Road Old Kimbill Trl 2022 2,400 1.62 mi
Columbia Hwy N Metts PkCir 2010 11,300 2.03 mi
Piper Road Reedy Fork Rd 2022 1,350 2.56 mi
I 20 Gregory Rd 2021 35,200 2.67 mi
Gregory Rd 2022 36,100 2.67 mi
Piper Rd Reedy Fork Rd 2010 1,000 2.86 mi

Listing Broker

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