7-Eleven
4,650 SF | Retail Building | Wilmington, NC 28405 | $10,029,000 ($2,157/SF) | 5.15% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $10,029,000
- Property Type
-
Retail
- Square Feet
- 4,650 SF
- Price / Square Foot
- $2,157
Listing Contacts
David Hoppe
Verified Profile
Sam Young
Verified Profile
Ben Olmstead
Verified Profile
- Property Info
Property Overview
Attractive Lease Fundamentals
- 10% rental increases every 5 years, including option periods
Absolute Net Lease
- Absolute net-lease provides next owner with zero landlord responsibilities and bonus depreciation
- Passive Investment
Corporate Guaranty from Investment Grade Tenant
- 7-Eleven’s parent company, Seven-Eleven Japan Co, has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
Positioned in Prominent Retail Trade Area
- Located in Wilmington’s primary retail area
- Over 2.7MSF located in a 1-mile radius. Nearby tenant include Walmart, Target, Lowe’s, Costco, Sam’s Club PetSmart, Ross, Petco, Old Navy, etc.
Highly Visible and Accessible on a Major Thoroughfare
- Located at a signalized intersection fronting Market St (37.5K VPD)
New Construction
- Newly constructed building to 7-Eleven’s latest prototype with warranties in place for the roof and mechanical systems
- 10% rental increases every 5 years, including option periods
Absolute Net Lease
- Absolute net-lease provides next owner with zero landlord responsibilities and bonus depreciation
- Passive Investment
Corporate Guaranty from Investment Grade Tenant
- 7-Eleven’s parent company, Seven-Eleven Japan Co, has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
Positioned in Prominent Retail Trade Area
- Located in Wilmington’s primary retail area
- Over 2.7MSF located in a 1-mile radius. Nearby tenant include Walmart, Target, Lowe’s, Costco, Sam’s Club PetSmart, Ross, Petco, Old Navy, etc.
Highly Visible and Accessible on a Major Thoroughfare
- Located at a signalized intersection fronting Market St (37.5K VPD)
New Construction
- Newly constructed building to 7-Eleven’s latest prototype with warranties in place for the roof and mechanical systems
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 52,272 SF
Highlights
- Attractive Lease Fundamental - Abs. NNN - Bonus Depreciation
- High Growth Wilmington, NC
- New Construction
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