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31389015
31389016

3750 E Independence Blvd, Charlotte, NC 28205

BW
FL SL 702613
Marcus & Millichap - Fort Lauderdale
AL
FL FL SL3279054
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$5,206,000
96 days on market
Updated 96 days ago

7-Eleven | Opportunity for 100% Bonus Depreciation

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,010
Cap Rate 5.3%
NOI $275,898
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type NNN
Lease Term 15
Lease Expiration 02/27/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2020
Buildings 1
Stories 1
Acreage 1.200
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 02/20/2020
Occupancy Date 02/20/2020
Ground Lease No
Ownership Fee Simple

7-Eleven | Prime Charlotte, NC Location | Opportunity for 100% Bonus Depreciation

Marketing description

Marcus & Millichap is pleased to present a rare opportunity to acquire a freestanding, single-tenant 7-Eleven investment property situated along one of Charlotte's most active retail and commuter corridors. The property consists of a modern 3,010 SF convenience store with a 6-pump, 12-nozzle fuel canopy on a 1.20-acre fee simple parcel, constructed in 2020. The tenant, 7-Eleven, Inc., operates under a NNN lease backed by a corporate guaranty from one of the most credit-worthy tenants in the convenience retail sector, carrying an investment-grade S&P rating of AA-. The lease features 10% rental increases every five years, with the next scheduled bump in March 2030 and approximately 9 years of base term remaining with four additional 5-year renewal options.

One of the most compelling features of this offering is its position directly adjacent to a high-volume Walmart Supercenter, sharing a dedicated access road that creates exceptional retail synergy. This shadow-anchor relationship is a significant driver of customer traffic to the 7-Eleven, capturing the substantial daily flow of shoppers visiting the Walmart and converting them into convenience and fuel customers. The surrounding corridor is further supported by a dense concentration of national and regional retailers, reinforcing the site's status as a dominant node of commercial activity on Charlotte's east side.

The property fronts East Independence Freeway (US-74), one of Charlotte's primary commuter gateways connecting Uptown Charlotte to the rapidly growing eastern suburbs, including Union County which is one of the fastest-growing counties in North Carolina. With approximately 111,000 vehicles passing the site daily, the 6-pump, 12-nozzle fuel canopy is purpose-built to capture this high-volume traffic. The surrounding trade area is supported by a residential population exceeding 310,000 within 5 miles, average household incomes of approximately $111,000, and a daytime population surpassing 480,000 which reflects the concentration of major employers, healthcare facilities, and commercial activity in the submarket.

The property is offered fee simple with land and building potentially allowing a qualified buyer to capture 100% bonus depreciation for significant tax benefits (buyers should consult their tax advisor). Combined with a modern 2020 construction vintage, the NNN lease structure, and a tenant whose S&P AA- credit rating ranks among the strongest in net lease retail, this investment offers an exceptional combination of credit quality, tax efficiency, and long-term location fundamentals in one of the Southeast's most dynamic growth markets.

Investment highlights

  • Corporate NNN Lease: Backed by a corporate guaranty from 7-Eleven, Inc. (S&P: AA-), one of the highest credit ratings in the convenience retail sector
  • Walmart Supercenter Shadow-Anchor: Directly adjacent to a high-volume Walmart Supercenter via shared access road, capturing consistent, high-frequency retail traffic
  • Bonus Depreciation Potential: Fee simple ownership (land and building) offering the potential for 100% bonus depreciation, providing potential for significant tax benefits (consult tax advisor)
  • Contracted Rent Growth: 10% rental increases every 5 years with the next bump scheduled March 2030
  • High-Traffic Freeway Corridor: Fronts East Independence Freeway (US-74), Charlotte's primary commuter gateway, with approximately 111,000 vehicles per day and a purpose-built 6-pump, 12-nozzle fuel canopy to capture that volume
  • Exceptional Demographics: Residential population of 310,000+ and a daytime population exceeding 480,000 within 5 miles, supported by average household incomes of $111,000

Listing Contacts

BW
FL SL 702613
Marcus & Millichap - Fort Lauderdale
AL
FL FL SL3279054
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$275,898.00
$22,991.50/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

Map

Zoning

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Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Charles Gallagher
License
NC 351471
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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