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Auto Service - Gas-Conv

7-Eleven / Speedway C-Store Portfolio | Group #3 | Sub $10M | 100% Bonus Depreciation | Absolute NNN

1602 M.L.K. Jr Pkwy, Wilson, NC 27893

Listing Price: $9,732,494

Cap Rate
5.00%
Tenant Name
7-Eleven / Speedway
Years Remaining On Lease
15.5
Gross SF
10,804
Guarantor
Corporate Guarantee
Rentable SF
10,804
Price/Gross SF
$900.82
Lease Type
Absolute Net
Rent Per Square Feet
$45.04

Investment Overview

7-Eleven / Speedway C-Store & Gas Station Portfolio | Absolute Net Leases | Qualifies for 100% Bonus Depreciation | Below Replacement Cost | Below Market Rental Rates | Investment Grade | Favorable Rental Increases Every 5 Years | Internet Resistant and Recession-Proof Investment

Investment Highlights

  • Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options. Current Rents are Below Market, Offering Future Upside Potential.
  • Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
  • Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility along Major Thoroughfares.
  • Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $78.50 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Auto Service - Gas-Conv

7-Eleven / Speedway C-Store Portfolio | Group #3 | Sub $10M | 100% Bonus Depreciation | Absolute NNN

Listing Price: $9,732,494

Cap Rate
5.00%
Tenant Name
7-Eleven / Speedway
Years Remaining On Lease
15.5
Gross SF
10,804
Guarantor
Corporate Guarantee
Rentable SF
10,804
Price/Gross SF
$900.82
Lease Type
Absolute Net
Rent Per Square Feet
$45.04

Investment Highlights

  • Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options. Current Rents are Below Market, Offering Future Upside Potential.
  • Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
  • Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility along Major Thoroughfares.
  • Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $78.50 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.

Investment Overview

7-Eleven / Speedway C-Store & Gas Station Portfolio | Absolute Net Leases | Qualifies for 100% Bonus Depreciation | Below Replacement Cost | Below Market Rental Rates | Investment Grade | Favorable Rental Increases Every 5 Years | Internet Resistant and Recession-Proof Investment

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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