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Views: 91 DOM: 70 Updated: 10.25.24 Posted: 09.12.24 Status: Active

Summary

Price $6,686,704
Built/Renov 2023
Tenant 7-Eleven (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,050
Lease Start 05-01-2023
#Units 83,282
Price/SF $1,651.04
Expiration 05-31-2038
Tenant Type Convenience/Gas
NOI $351,052
R. Term 13.6
Ownership Ground Lease
Rent/SF $86.68
Increases 8.0%/14/yrs
Pop 5Mi 13,523
Lot/AC 5.00
Options 4/5yrs/8%
AHHI 5Mi $41,020

Lease Highlights

  • New 2023 construction
  • 7-Eleven has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 8% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the hard corner intersection of Five Chop Road and Palmetto Commerce Parkway, a main thoroughfare with access to a combined daily traffic count of 19,324 vehicles. This high-visibility location benefits from proximity to key landmarks, including South Carolina State University (7 miles away) and the Orangeburg Municipal Airport, which serves as an important...

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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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Listing Broker

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