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Views: 50 DOM: 43 Updated: 10.03.24 Posted: 10.03.24 Status: Active

Summary

Price $8,577,000
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 11-01-2024
#Units 83,282
Price/SF $1,844.52
Expiration 10-31-2039
Tenant Type Convenience/Gas
NOI $441,718
R. Term 14.11
Ownership Fee Simple
Rent/SF $94.99
Increases 10.0%/5/yrs
Pop 5Mi 108,008
Lot/AC 2.75
Options 4/5yrs/10%
AHHI 5Mi $73,595

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 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 Yadkin Road and Fillyaw Road, with access to a combined daily traffic count of 30,900 vehicles. The property benefits from excellent visibility, multiple points of ingress/egress, and convenient access to Interstate 295, which sees 58,100 VPD. It is situated just 3.5 miles from Cross Creek Mall, home to major...

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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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