Skip to main content

Auto Service - Gas-Conv

7-Eleven 10 Year NNN Lease

3750 E Independence Blvd, Charlotte, NC 28205

Listing Price: $5,517,980

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
9.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,833.22
Lease Type
Absolute Net
Rent Per Square Feet
$91.66

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Fee Simple
7-Eleven, located at 3750 East Independence Boulevard in Charlotte, North
Carolina. The property features a 3,010-square-foot freestanding building with
a canopy offering six gas pumps and twelve nozzles, situated on a large 1.2-
acre parcel.
Strategically positioned along East Independence Freeway, the property benefits
from exceptional highway visibility and exposure to more than 111,200 vehicles
per day. Shadow-anchored by Walmart, the site enjoys strong daily traffic and
excellent retail synergy. The immediate trade area features a dynamic mix of
national and regional retailers, including Walmart, Take5 Car Wash, Bojangles,
Starbucks, Mavis Tires, TD Bank, Wells Fargo, Popeye’s, and many others,
reinforcing the property’s prime retail positioning.
The surrounding area is densely populated, with more than 306,000 residents
within a five-mile radius and an average household income exceeding
$111,000. The property is conveniently located just six miles from Downtown
Charlotte, one of the fastest-growing cities in the United States. Additionally, it is
in close proximity to Novant Health Forsyth Medical Center —the fourth-largest
hospital in North Carolina with 921 beds—further driving strong daytime traffic
to the area.
7-Eleven executed a 15-year absolute NNN lease that runs through February
28, 2035, featuring 10 percent rental increases every five years and zero
landlord responsibilities. The lease is corporately guaranteed by 7-Eleven, Inc.,
which operates more than 68,000 locations worldwide and maintains an S&P
credit rating of AA-. According to Placer.ai analytics, the subject property ranks
in the top 10 percent of all 7-Eleven locations nationwide for consumer traffic.
This offering provides investors with a rare opportunity to acquire a high performing,
newly constructed, corporately guaranteed 7-Eleven with strong
rent growth, situated in a thriving and highly desirable Charlotte submarket.

Investment Highlights

  • 7-Eleven Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Attractive Rent Growth | 10% Every 5 Years
  • Fee Simple Ownership | Allows for Depreciation
  • Highway Location | Subject Property Fronts E Independence Fwy with 111,200+ VPD
  • 2020 Construction
  • Top 10% on Placer.ai for all 7-Eleven Locations Nationwide

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Auto Service - Gas-Conv

7-Eleven 10 Year NNN Lease

Listing Price: $5,517,980

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
9.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,833.22
Lease Type
Absolute Net
Rent Per Square Feet
$91.66

Investment Highlights

  • 7-Eleven Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Attractive Rent Growth | 10% Every 5 Years
  • Fee Simple Ownership | Allows for Depreciation
  • Highway Location | Subject Property Fronts E Independence Fwy with 111,200+ VPD
  • 2020 Construction
  • Top 10% on Placer.ai for all 7-Eleven Locations Nationwide

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Fee Simple 7-Eleven, located at 3750 East Independence Boulevard in Charlotte, North Carolina. The property features a 3,010-square-foot freestanding building with a canopy offering six gas pumps and twelve nozzles, situated on a large 1.2- acre parcel. Strategically positioned along East Independence Freeway, the property benefits from exceptional highway visibility and exposure to more than 111,200 vehicles per day. Shadow-anchored by Walmart, the site enjoys strong daily traffic and excellent retail synergy. The immediate trade area features a dynamic mix of national and regional retailers, including Walmart, Take5 Car Wash, Bojangles, Starbucks, Mavis Tires, TD Bank, Wells Fargo, Popeye’s, and many others, reinforcing the property’s prime retail positioning. The surrounding area is densely populated, with more than 306,000 residents within a five-mile radius and an average household income exceeding $111,000. The property is conveniently located just six miles from Downtown Charlotte, one of the fastest-growing cities in the United States. Additionally, it is in close proximity to Novant Health Forsyth Medical Center —the fourth-largest hospital in North Carolina with 921 beds—further driving strong daytime traffic to the area. 7-Eleven executed a 15-year absolute NNN lease that runs through February 28, 2035, featuring 10 percent rental increases every five years and zero landlord responsibilities. The lease is corporately guaranteed by 7-Eleven, Inc., which operates more than 68,000 locations worldwide and maintains an S&P credit rating of AA-. According to Placer.ai analytics, the subject property ranks in the top 10 percent of all 7-Eleven locations nationwide for consumer traffic. This offering provides investors with a rare opportunity to acquire a high performing, newly constructed, corporately guaranteed 7-Eleven with strong rent growth, situated in a thriving and highly desirable Charlotte submarket.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

MM Texture Background
MM Textured Background Lower