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7-Eleven, Blacksburg, SC

7-Eleven

Blacksburg, South Carolina

Price $8,403,000
Cap Rate 4.35%
NOI $365,500
Lease Term 15 Years
Lease Type NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2021 (Under Construction)
Building Size 4,743 SF
Lot Size 16.03 Acres (698,267 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NNN LEASE WITH 10% RENTAL INCREASES EVERY FIVE YEARS
» 7-Eleven, Inc. is an investment grade tenant with a “AA-” rating from Standard & Poor’s
» 7-Eleven is the largest convenience retail chain in the world, with more than 71,100 stores worldwide
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» Four (4) five (5) year options creating a stable, long-term investment

NEW 2021 CONSTRUCTION ON LARGE PARCEL FEATURING RAISE THE ROOST RESTAURANT
» New 2021 construction built to latest 7-Eleven prototype with a freestanding c-store for added customer convenience
» Location features Raise the Roost restaurant concept, which includes made-from scratch, hand-breaded fried chicken tenders with signature sauces, bone-in and boneless wings, signature chicken sandwiches, breakfast sandwiches, and more
» The large, 16.03-acre parcel features 10 fuel pumps and seven diesel pumps for commercial trucks with 18-wheeler capacity, serving truck drivers on route

HIGH VISIBILITY LOCATION NEAR MAJOR INTERSTATE
» High-visibility location along Atlanta and Charlotte and near the North and South Carolina border
» Immediate access to Interstate 85 on and off ramp
» 40 miles from Downtown Charlotte, a major city and commercial hub in North Carolina

CENTRAL LOCATION NEAR SCHOOLS, ENTERTAINMENT VENUES AND COMMUNITY HUBS
» 66,313 residents live within 10 miles of the location with an average annual household income of over $54,000, creating a stable customer base for the site
» 1.4 miles from Grover Elementary School (333 students) increasing traffic in the area
» 5.8 miles from Catawba Two Kings Casino (500 slots), a 24-hour thrilling new gaming and entertainment destination recently opened in nearby Kings Mountain



Property Description

The property is located just off Interstate 85, which has a traffic count of 43,400 AADT. The site is 1.4 miles from Grover Elementary School (333 students), increasing traffic in the area. Catawba Two Kings Casino, which recently opened in nearby Kings Mountain, is a 24-hour thrilling new gaming and entertainment destination that features 500 slots, and is located 5.8 miles from the site. The property is less than a mile from Green Oaks Apartments (24 units), establishing a regular customer base for 7-Eleven. The property resides in a growing area with an average annual household income of over $54,000 and 66,313 residents living within a 10-mile radius of the site.

Visibility to the property is increased by the site’s location immediately near the on and off ramp of Interstate 85 (43,400 AADT). The site is strategically located between two major cities, Atlanta and Charlotte along Interstate 85. The location benefits from its proximity to the North and South Carolina Border and is located 40 miles from downtown Charlotte, a major city and commercial hub in North Carolina. Charlotte is the most populous city in North Carolina with a population of 874,579.

Contact Us About This Property

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