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7-Eleven

5104 Old Buncombe Rd, Greenville, SC 29617

Listing Price: $7,890,000

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
4,872
Lease Type
Absolute Net
Rent Per Square Feet
$80.97

Investment Overview

FUNDAMENTAL LOCATION, VISIBILITY & ACCESS Strategically located on a ±1.402-acre site at the NEC of Old Buncombe Road & Duncan Chapel Road New 2023 construction |7-Eleven Relocation Store located immediately across from Publix@ University Square Conveniently located along an Access Road providing on and off access to US Highway 276 between two (2) signalized intersections Redevelopment includes 4,872/sq ft Convenience Store equipped with 8 Fueling Dispensers and 16 Fueling Stations Currently under construction with Store Opening projected late May 4, 2023 Robust traffic counts: 25,500 VPD at the intersection of Old Buncombe & Poinsett Highway (US Highway 276) Traffic Generators in immediate proximity are Publix @ University Square, Duncan Chapel Elementary, The Vinings at Duncan Chapel (196 apartment units), The View at Paris Mountain (312 apartment units), and Walmart Neighborhood Market Approximately 1 mile from Furman University’s 750-acre campus OPTIMAL LEASE STRUCTURE 15-year lease with 7-Eleven corporate guaranty Absolute NNN lease with ZERO LANDLORD RESPONSIBILITIES Investment Grade Credit: “A” S&P bond rating 10% Rent Increases every five (5) years in Base Term & Option Periods Four (4), five-year options Fee simple ownership provides for accelerated depreciation [subject to 2023 tax guidelines] PROMINENT LOCALE WITH EXCELLENT DEMOS Dense Residential Population of 39,745 residents in a 3-mile and 102,946 in 5-mile radii Daytime Population of 117,375 within a 5-mile radius Average HH Incomes of $70,000+ in a 1, 3, & 5-mile radii An estimated 40,544 Households within a 5-mile radius CATEGORY-LEADING TENANT World’s Largest Convenience Retailer with over 71,100 locations in 20 countries globally and 13,000 located in US and Canada Largest Convenience Retailer in the US by more than 5,000+ stores Ranks #261 on Forbes “World’s Largest Companies” in 2022 with $78.5 billion in revenue and a Market Cap of $38.08 billion Seven & I Holdings, 7-Eleven’s parent company, plans to double its store count in the U.S. by 2027 #9 on the Franchise 500 Ranking in 2022 by Entrepreneur.com 7-Eleven honored with the “Best Overall Digital Transformation” award at the 2022 Modern Retail Awards

Investment Highlights

  • NEW 2023 CONSTRUCTION
  • 15-YEAR NNN LEASE
  • 10% RENT BUMP S EVERY 5 YEARS

Exclusively Listed By

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Auto Service - Gas-Conv

7-Eleven

Listing Price: $7,890,000

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
4,872
Lease Type
Absolute Net
Rent Per Square Feet
$80.97

Investment Highlights

  • NEW 2023 CONSTRUCTION
  • 15-YEAR NNN LEASE
  • 10% RENT BUMP S EVERY 5 YEARS

Investment Overview

FUNDAMENTAL LOCATION, VISIBILITY & ACCESS Strategically located on a ±1.402-acre site at the NEC of Old Buncombe Road & Duncan Chapel Road New 2023 construction |7-Eleven Relocation Store located immediately across from Publix@ University Square Conveniently located along an Access Road providing on and off access to US Highway 276 between two (2) signalized intersections Redevelopment includes 4,872/sq ft Convenience Store equipped with 8 Fueling Dispensers and 16 Fueling Stations Currently under construction with Store Opening projected late May 4, 2023 Robust traffic counts: 25,500 VPD at the intersection of Old Buncombe & Poinsett Highway (US Highway 276) Traffic Generators in immediate proximity are Publix @ University Square, Duncan Chapel Elementary, The Vinings at Duncan Chapel (196 apartment units), The View at Paris Mountain (312 apartment units), and Walmart Neighborhood Market Approximately 1 mile from Furman University’s 750-acre campus OPTIMAL LEASE STRUCTURE 15-year lease with 7-Eleven corporate guaranty Absolute NNN lease with ZERO LANDLORD RESPONSIBILITIES Investment Grade Credit: “A” S&P bond rating 10% Rent Increases every five (5) years in Base Term & Option Periods Four (4), five-year options Fee simple ownership provides for accelerated depreciation [subject to 2023 tax guidelines] PROMINENT LOCALE WITH EXCELLENT DEMOS Dense Residential Population of 39,745 residents in a 3-mile and 102,946 in 5-mile radii Daytime Population of 117,375 within a 5-mile radius Average HH Incomes of $70,000+ in a 1, 3, & 5-mile radii An estimated 40,544 Households within a 5-mile radius CATEGORY-LEADING TENANT World’s Largest Convenience Retailer with over 71,100 locations in 20 countries globally and 13,000 located in US and Canada Largest Convenience Retailer in the US by more than 5,000+ stores Ranks #261 on Forbes “World’s Largest Companies” in 2022 with $78.5 billion in revenue and a Market Cap of $38.08 billion Seven & I Holdings, 7-Eleven’s parent company, plans to double its store count in the U.S. by 2027 #9 on the Franchise 500 Ranking in 2022 by Entrepreneur.com 7-Eleven honored with the “Best Overall Digital Transformation” award at the 2022 Modern Retail Awards

Exclusively Listed By

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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