7-Eleven

661 Santa Fe Drive, Fayetteville, NC 28303

$6,757,281

Cap Rate 5.15%

Views: 99 Updated: 10.17.23 Posted: 06.19.23 Status: Inactive

Summary

Price $6,757,281	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.15%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,950	Lease Start 09-01-2023	#Units 83,282
Price/SF $1,365.11	Expiration 09-01-2038	Tenant Type Convenience/Gas
NOI $348,000	R. Term 13.12	Ownership Fee Simple
Rent/SF $70.30	Increases 10.0%/5/yrs	Pop 5Mi 130,102
Lot/AC 1.58	Options 4/5yrs/10%	AHHI 5Mi $66,370

Lease Highlights

Brand new 2023 construction
7-Eleven recently signed a brand new 15-year lease with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Seven and I Holdings (OTCMKTS: SVNDY)

Location Description

This newly constructed 4,950 square foot 7-Eleven is strategically located at the signalized, hard corner intersection of Santa Fe Drive and Plantation Garden Boulevard seeing 40,000 vehicles per day. The site is adjacent to two apartment complexes, West End at Fayetteville (360+ units) and Addison Ridge Apartments (1,200+ units) providing a direct consumer base for the site to draw from....

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Major MSA
Brand new lease
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Fayetteville, North Carolina Zip Code 28303 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven and I Holdings
# 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 12,500...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,806	50,947	132,733
2023 Total Population :	5,808	51,185	133,288
2023 Employed Civilian Pop :	1,802	17,525	45,475
2023 Total Businesses :	229	1,975	4,684
2023 Average Household Income :	$ 74,660	$ 67,281	$ 68,571
2023 Total Consumer Spending :	$ 171 M	$ 1228 M	$ 3150 M
2023 Median Age :	38	31	31
2023 Total Households :	2,648	20,877	52,623
2023 Pop Age 25+: Bachelor's Degree :	639	5,948	15,630
2023 Average Home Value :	$ 166,846	$ 180,813	$ 190,802

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Santa Fe Dr	All American Expy	2018	30,000	0.05 mi
	Santa Fe Dr	2021	3,600	0.17 mi
	Santa Fe Dr	2021	3,500	0.22 mi
	Santa Fe Dr	2021	3,300	0.27 mi
	All American Expy	2021	3,400	0.29 mi
Santa Fe Dr	Jacks Ford Dr	2008	35,000	0.36 mi
All American Freeway	Earl St	2018	54,500	0.48 mi
All American Expy	Santa Fe Dr	2008	32,000	0.62 mi
Santa Fe Dr	Carson Ct	2018	20,500	0.68 mi
Yadkin Rd	Donray Dr	2018	19,000	0.75 mi

Listing Broker

Jordan Shtulman

STREAM Capital Partners

Contact

83 Listings
7607 Views
33 Sold

Connor Shell

STREAM Capital Partners

Contact

55 Listings
5773 Views
11 Sold

Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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Connor Shell

Connor Shell joined STREAM Capital Partners in 2017 as Managing Director expanding our footprint further into Southern California and bringing 8 years of expertise to this area with a long-standing development and investment history. While at STREAM Capital Partners, Connor has grown his transaction footprint, closing deals with major retail developers and private owners throughout the United States. He has developed and strengthened his relationships with private owners, family offices, inst

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