7-Eleven
Retail | 5.50% CAP | 2,500 SqFt
Marketing description
Bang Realty is pleased to present the exclusive listing for a 7-Eleven located at 7364 Martinsburg Pike, Shepherdstown, WV 25443. The site consists of roughly 2,500 rentable square feet of building space on an estimated 0.91-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 1/4/2021. The current annual rent is $207,570* and has scheduled increases of 10.00% every 5 years.
Investment highlights
Strong Corporate Guarantee | The lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations. 7-Eleven is the largest convenience store chain in the world, with over 60,000 in eighteen countries, of which over 10,700 in North America.
Qualifies for Bonus Depreciation | This 7-Eleven property qualifies for bonus depreciation. Please inquire with the listing broker for additional details, as well as a tax advisor.
Long Term, Absolute Triple Net (NNN) Lease | This 7-Eleven features an absolute triple-net lease with over 10 years of lease term remaining and zero landlord responsibilities. The lease features attractive rental increases of 10% every 5 years, as well as 5, 5-year tenant renewal options.
Proximity to Academic Institutions | The subject property is located within a two-mile radius of nine elementary and grade-level schools, increasing foot traffic in the area significantly. In addition, the property is less than two miles from Shepard University, which enrolls over 3,000 individuals, giving the site exceptional visibility to an array of local students.
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