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Views: 91 DOM: 134 Updated: 10.25.24 Posted: 07.03.24 Status: Active

Summary

Price $9,270,990
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 09-01-2024
#Units 83,282
Price/SF $1,993.76
Expiration 09-01-2039
Tenant Type Convenience/Gas
NOI $477,456
R. Term 14.9
Ownership Fee Simple
Rent/SF $102.68
Increases 10.0%/5/yrs
Pop 5Mi 94,939
Lot/AC 2.17
Options 4/5yrs/10%
AHHI 5Mi $82,493

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located on Socastee Boulevard, with access to 27,500 vehicles passing by daily. The property features 8 MPDs (16 gas pumps) and is situated directly across from Socastee High School. The immediate area is surrounded by well-known national tenants including Taco Bell, Little Caesars Pizza, Walgreens, Dunkin', Burger King, and more. Additionally, the site is...

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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 : 8,491 46,333 110,950
2024 Total Population : 7,616 41,381 99,251
2024 Employed Civilian Pop : 2,882 17,927 44,565
2024 Total Businesses : 259 1,121 2,971
2024 Average Household Income : $ 76,479 $ 93,914 $ 92,850
2024 Total Consumer Spending : $ 201 M $ 1428 M $ 3520 M
2024 Median Age : 40 45 49
2024 Total Households : 2,964 17,179 42,803
2024 Pop Age 25+: Bachelor's Degree : 770 5,405 14,856
2024 Average Home Value : $ 268,369 $ 331,431 $ 334,216
*ESRI data is presented for informational purposes only

Listing Broker

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