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Views: 29 DOM: 59 Updated: 07.09.24 Posted: 05.14.24 Status: Active


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 14.10
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

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 escalations throughout the initial term and option periods
  • Absolute NNN | 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...



  • 1 Mile
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  • 5 Miles


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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