Auto Service - Gas-Conv

7-Eleven

4800 N Graham St, Charlotte, NC 28269

Listing Price: $7,650,000

Cap Rate
4.95%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.80
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$108.18

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Infill Charlotte location less than 5 miles northeast of downtown - Interstate location directly off I-85 (±180,000 VPD) - Strong traffic counts of ±17,500 VPD along N Graham Street - Flat topography with phenomenal visibility - Brand new 2020 construction on a large parcel of 3.83 acres - Rare 7-Eleven Truck Stop with designated diesel fuel canopy - Explosive population growth since 2000: 21.35% (3-mile) & 17.74% (5-mile) - Strong daytime population: ±6,626 (1-mile), ±92,625 (3-mile), ±402,380 (5-mile) - Highly dense permanent population: ±4,681 (1-mile), ±75,911(3-mile), ±235,056 (5-mile) - Property is in Brownfield Program which provides owners the benefits of liability protection CATEGORY-LEADING TENANT - World's Largest Convenience Retailer with over 69,000 locations - #2 Overall Franchise, #2 Fastest-Growing Franchise & #6 Top Brands according to Entrepreneur's 2018 Franchise 500 Ranking - Winner of 2017 "Built Environment" Award from Alliance to Save Energy - Ranked on Fast Company Magazine's World's Top 10 Most Innovative Companies in Retail OPTIMAL LEASE STRUCTURE - 15-year base term - Four (4), 5-year renewal options - 5% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Corporately guaranteed by 7-Eleven, Inc. - Investment-grade credit rating of AA-/Stable (S&P) - Tax advantages with accelerated depreciation due to fee simple ownership CHARLOTTE, NC ADVANTAGE - 15th-most populous city in the US & 22nd largest metro in US - From '17-'18, metro Charlotte had the nation's 13th-highest count of new residents and the 47th-highest growth percentage (Charlotte Business Journal) - Forbes rankings: › #7 Best Places for Business and Careers › #20 in Job Growth › #42 in Cost of Doing Business - Home to 5 Fortune 500 companies — Bank of America, Lowe's, Nucor, Duke Energy, Sonic Automotive & Brighthouse Financial

Investment Highlights

  • Infill Charlotte location less than 5 miles northeast of downtown
  • Interstate location directly off I-85 (±180,000 VPD)
  • Rare 7-Eleven Truck Stop with designated diesel fuel canopy
  • 15-year base term with four (4), 5-year renewal options
  • Triple Net (NNN) lease with no landlord responsibilities
  • Corporately guaranteed by 7-Eleven, Inc.

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

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

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Listing Price: $7,650,000

Cap Rate
4.95%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.80
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$108.18

Investment Highlights

  • Infill Charlotte location less than 5 miles northeast of downtown
  • Interstate location directly off I-85 (±180,000 VPD)
  • Rare 7-Eleven Truck Stop with designated diesel fuel canopy
  • 15-year base term with four (4), 5-year renewal options
  • Triple Net (NNN) lease with no landlord responsibilities
  • Corporately guaranteed by 7-Eleven, Inc.

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Infill Charlotte location less than 5 miles northeast of downtown - Interstate location directly off I-85 (±180,000 VPD) - Strong traffic counts of ±17,500 VPD along N Graham Street - Flat topography with phenomenal visibility - Brand new 2020 construction on a large parcel of 3.83 acres - Rare 7-Eleven Truck Stop with designated diesel fuel canopy - Explosive population growth since 2000: 21.35% (3-mile) & 17.74% (5-mile) - Strong daytime population: ±6,626 (1-mile), ±92,625 (3-mile), ±402,380 (5-mile) - Highly dense permanent population: ±4,681 (1-mile), ±75,911(3-mile), ±235,056 (5-mile) - Property is in Brownfield Program which provides owners the benefits of liability protection CATEGORY-LEADING TENANT - World's Largest Convenience Retailer with over 69,000 locations - #2 Overall Franchise, #2 Fastest-Growing Franchise & #6 Top Brands according to Entrepreneur's 2018 Franchise 500 Ranking - Winner of 2017 "Built Environment" Award from Alliance to Save Energy - Ranked on Fast Company Magazine's World's Top 10 Most Innovative Companies in Retail OPTIMAL LEASE STRUCTURE - 15-year base term - Four (4), 5-year renewal options - 5% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Corporately guaranteed by 7-Eleven, Inc. - Investment-grade credit rating of AA-/Stable (S&P) - Tax advantages with accelerated depreciation due to fee simple ownership CHARLOTTE, NC ADVANTAGE - 15th-most populous city in the US & 22nd largest metro in US - From '17-'18, metro Charlotte had the nation's 13th-highest count of new residents and the 47th-highest growth percentage (Charlotte Business Journal) - Forbes rankings: › #7 Best Places for Business and Careers › #20 in Job Growth › #42 in Cost of Doing Business - Home to 5 Fortune 500 companies — Bank of America, Lowe's, Nucor, Duke Energy, Sonic Automotive & Brighthouse Financial

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

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

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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