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7-Eleven, Charlotte, NC

7-Eleven

Price $5,537,000
Cap Rate 4.75%
NOI $263,000
Lease Term 15 Years
Lease Type NNN, with Tenant Responsible for all Taxes, Insurance, and Maintenance, Including Structure
Rental Increases 5% Rental Increase Every Five (5) Years
Year Built 2019
Building Size 3,500 SF
Lot Size ±2.152 acres (93,741 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR CORPORATE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» 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 67,000 stores worldwide
» New 15-year lease with four (4) five-year options, creating a stable, long-term investment
» 5% rental increases every five years, providing a hedge against inflation

NEW 2019 CONSTRUCTION WITH COMMERCIAL TRUCKING FUEL COMPONENT
» Features latest 7-Eleven convenience store and 12 fuel pumps (eight gas and four highspeed diesel). High-speed diesel will include Trendar/Comdata Fleet payment system
» Site designed to accommodate commercial trucks in dense industrial market (2,647 total warehouses/distribution centers in Charlotte)
» Commercial truck fuel component is estimated to increase fuel volumes by more than 50% (typical truck fill-up is approximately 150 gallons)
» New 2019 construction on large parcel (±2.152 acres)

HIGH-TRAFFIC LOCATION WITH ROBUST RESIDENTIAL, COMMUTER, AND COMMERCIAL CUSTOMER BASE
» Corner location with cross-access to the signalized intersection of Statesville Road and Riley Avenue, with excellent visibility and access to 26,000 vehicles per day on Statesville Road
» Statesville Road connects Downtown Charlotte (4 miles from site) to major shopping areas, including Northlake Mall (Macy’s, Belk, Dillard’s), Northcrest Shopping Center (Target), and Perimeter Woods (Lowe’s, Best Buy)
» Walking distance from Ranson Middle School (900+ students) and Nevin Community Park
» Surrounded by dense industrial workforce (585 warehouses/distribution centers near the property) and residential neighborhoods, providing a large customer base



Property Description

The property is at the corner of the signalized intersection of Statesville Road and Riley Avenue, which experiences a high traffic count of 26,000 vehicles per day. The property is strategically located within Charlotte’s main industrial corridor, with 585 total warehouses near the site. Statesville Road provides immediate access to Interstate 85, with 181,000 vehicles per day. And is also close to Interstate 77, with 43,014 vehicles per day.

The site also benefits from a residential client base. There is a population of 226,071 within a five-mile radius of the site. It is also walking distance from Ranson Middle School (900+ students) and Nevin Community Park. Statesville Road also serves as the connector between Downtown Charlotte to the area’s major shopping. Northlake Mall, Perimeter Woods, and Northcrest Shopping Center sit 15 minutes north of the site. South of the property, Downtown Charlotte and Johnson & Wales University, which has 12,930 students and 900 employees, are less than five miles away. The property is also less than 15 minutes away from Charlotte Douglas International Airport. Prominent tenants near the site include Food Lion, ALDI, Days Inn, McDonald’s, Taco Bell, Hardee’s, Family Dollar, Advance Auto Parts, U-Haul, among others.

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