Investment Overview

Marcus & Millichap is pleased to present a rare opportunity to acquire a freestanding, single-tenant 7-Eleven investment property situated along one of Charlotte's most active retail and commuter corridors. The property consists of a modern 3,010 SF convenience store with a 6-pump, 12-nozzle fuel canopy on a 1.20-acre fee simple parcel, constructed in 2020. The tenant, 7-Eleven, Inc., operates under a NNN lease backed by a corporate guaranty from one of the most credit-worthy tenants in the convenience retail sector, carrying an investment-grade S&P rating of AA-. The lease features 10% rental increases every five years, with the next scheduled bump in March 2030 and approximately 9 years of base term remaining with four additional 5-year renewal options. One of the most compelling features of this offering is its position directly adjacent to a high-volume Walmart Supercenter, sharing a dedicated access road that creates exceptional retail synergy. This shadow-anchor relationship is a significant driver of customer traffic to the 7-Eleven, capturing the substantial daily flow of shoppers visiting the Walmart and converting them into convenience and fuel customers. The surrounding corridor is further supported by a dense concentration of national and regional retailers, reinforcing the site's status as a dominant node of commercial activity on Charlotte's east side. The property fronts East Independence Freeway (US-74), one of Charlotte's primary commuter gateways connecting Uptown Charlotte to the rapidly growing eastern suburbs, including Union County which is one of the fastest-growing counties in North Carolina. With approximately 111,000 vehicles passing the site daily, the 6-pump, 12-nozzle fuel canopy is purpose-built to capture this high-volume traffic. The surrounding trade area is supported by a residential population exceeding 310,000 within 5 miles, average household incomes of approximately $111,000, and a daytime population surpassing 480,000 which reflects the concentration of major employers, healthcare facilities, and commercial activity in the submarket. The property is offered fee simple with land and building potentially allowing a qualified buyer to capture 100% bonus depreciation for significant tax benefits (buyers should consult their tax advisor). Combined with a modern 2020 construction vintage, the NNN lease structure, and a tenant whose S&P AA- credit rating ranks among the strongest in net lease retail, this investment offers an exceptional combination of credit quality, tax efficiency, and long-term location fundamentals in one of the Southeast's most dynamic growth markets.