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Auto Service - Gas-Conv

7-Eleven w/ Gas | Charlotte, NC | Absolute Net Lease | Qualifies for Accelerated Depreciation

2932 Mt Holly-Huntersville Rd, Charlotte, NC 28214

Listing Price: $3,102,000

Cap Rate
5.50%
Tenant Name
7-Eleven
Years Remaining On Lease
4.8
Gross SF
2,406
Guarantor
Corporate Guarantee
Rentable SF
2,406
Price/Gross SF
$1,289.28
Lease Type
Absolute Net
Rent Per Square Feet
$70.91

Investment Overview

Charlotte is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 as of the 2020 census, making it the 16th-most populous city in the U.S., the second-most populous city in the Southeast behind Jacksonville, Florida, and seventh-largest city in the Southern United States. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose population ranks 23rd in the U.S., and had a population of 2,660,329, in 2020.The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2020 census-estimated population of 2,846,550. Between 2004 and 2014, Charlotte was ranked as the country's fastest-growing metro area, with 888,000 new residents. Based on U.S. Census data from 2005 to 2015, Charlotte tops the U.S. in millennial population growth. It is the third-fastest-growing major city in the United States. Residents are referred to as "Charlotteans". Charlotte is home to the corporate headquarters of Bank of America, Truist Financial, and the east coast headquarters of Wells Fargo, which along with other financial institutions has made it the second-largest banking center in the United States.

Investment Highlights

  • Absolute Net Lease Featuring 10% Rental Increases at Each Option. This Location features a Gas Station. Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Strong Tenant - The Company is Ranked #159 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $61.49 Billion.
  • Across from Goodwill & Dollar Tree and in Close Proximity to Numerous other National Retailers including Walmart Supercenter, Harris Teeter, Walgreens and more.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 29k+ Vehicles. Near I-485 (68k+ VPD).
  • Near Riverbend Village - 130-Acre Development w/ 200k SF of Retail (anchored by Harris Teeter), 182k SF HQ for Corning Optical Communications, 268 Unit Apartments, 105 Townhomes, a Novant Health Medical Campus and a Courtyard Marriott Hotel.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $93k within a 3-Mile Radius and over 82k People Residing within a 5-Mile Radius.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Service - Gas-Conv

7-Eleven w/ Gas | Charlotte, NC | Absolute Net Lease | Qualifies for Accelerated Depreciation

Listing Price: $3,102,000

Cap Rate
5.50%
Tenant Name
7-Eleven
Years Remaining On Lease
4.8
Gross SF
2,406
Guarantor
Corporate Guarantee
Rentable SF
2,406
Price/Gross SF
$1,289.28
Lease Type
Absolute Net
Rent Per Square Feet
$70.91

Investment Highlights

  • Absolute Net Lease Featuring 10% Rental Increases at Each Option. This Location features a Gas Station. Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Strong Tenant - The Company is Ranked #159 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $61.49 Billion.
  • Across from Goodwill & Dollar Tree and in Close Proximity to Numerous other National Retailers including Walmart Supercenter, Harris Teeter, Walgreens and more.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 29k+ Vehicles. Near I-485 (68k+ VPD).
  • Near Riverbend Village - 130-Acre Development w/ 200k SF of Retail (anchored by Harris Teeter), 182k SF HQ for Corning Optical Communications, 268 Unit Apartments, 105 Townhomes, a Novant Health Medical Campus and a Courtyard Marriott Hotel.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $93k within a 3-Mile Radius and over 82k People Residing within a 5-Mile Radius.

Investment Overview

Charlotte is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 as of the 2020 census, making it the 16th-most populous city in the U.S., the second-most populous city in the Southeast behind Jacksonville, Florida, and seventh-largest city in the Southern United States. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose population ranks 23rd in the U.S., and had a population of 2,660,329, in 2020.The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2020 census-estimated population of 2,846,550. Between 2004 and 2014, Charlotte was ranked as the country's fastest-growing metro area, with 888,000 new residents. Based on U.S. Census data from 2005 to 2015, Charlotte tops the U.S. in millennial population growth. It is the third-fastest-growing major city in the United States. Residents are referred to as "Charlotteans". Charlotte is home to the corporate headquarters of Bank of America, Truist Financial, and the east coast headquarters of Wells Fargo, which along with other financial institutions has made it the second-largest banking center in the United States.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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