7-Eleven

330 Hargrave Road, Lexington, NC 27292

$9,905,000

Cap Rate 5.25%

Views: 93 DOM: 191 Updated: 10.02.24 Posted: 05.14.24 Status: Active

Summary

Price $9,905,000	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 06-01-2024	#Units 83,282
Price/SF $2,130.11	Expiration 06-01-2039	Tenant Type Convenience/Gas
NOI $520,000	R. Term 14.6	Ownership Fee Simple
Rent/SF $111.83	Increases 10.0%/5/yrs	Pop 5Mi 35,536
Lot/AC 5.30	Options 4/5yrs/10%	AHHI 5Mi $61,653

Patrick Nutt

SRS National Net Lease Group

Contact

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 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 on Hargrave Road/State Highway 47 with access to a substantial combined daily traffic count of 79,800 vehicles. The property features a 7-Eleven branded convenience store with 8 MPDS, 16 pumps, and 4 diesel lanes. Additionally, it is conveniently situated off Interstate 85 & Hwy 52, with easy access from Hwy 52 (30,000 VPD). Adjacent to Fly High...

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Key Features

New construction
Build to suit
Strategically located
Freeway visibility
Top 100 MSA
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Lexington, North Carolina Zip Code 27292 Broker Site Page

Maps

Local Information

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
2029 Total Population :	773	9,551	30,167
2024 Total Population :	764	9,385	29,593
2024 Employed Civilian Pop :	331	3,984	12,025
2024 Total Businesses :	69	244	1,255
2024 Average Household Income :	$ 70,611	$ 76,191	$ 74,149
2024 Total Consumer Spending :	$ 16 M	$ 248 M	$ 790 M
2024 Median Age :	41	41	41
2024 Total Households :	251	3,623	11,857
2024 Pop Age 25+: Bachelor's Degree :	44	734	2,468
2024 Average Home Value :	$ 232,838	$ 240,390	$ 244,492

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hargrave Road	Hargrave Ln	2022	8,698	0.02 mi
Hargrave Ln	Dixon St	2004	6,100	0.10 mi
NC 47	Dixon St	2022	5,548	0.14 mi
	Hargrave Rd	2022	1,661	0.16 mi
	I- 85	2022	393	0.17 mi
	I- 85	2022	1,673	0.21 mi
	Dickson St	2022	4,389	0.21 mi
	I- 85	2022	404	0.21 mi
	Dickson St	2022	384	0.24 mi
Hargrave Road	Clyde Fitzgerald Rd	2022	4,882	0.25 mi

Listing Broker

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