Listed by Stonecliff, NewQuest Properties
$11,710,000
7-Eleven - White House, TN
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 4,650
Cap Rate 5.15%
NOI $602,914
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.2
Lease Expiration 09/30/2039
Remaining Term 13.2
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $2,518
Year Built 2024
Acreage 3.470
Investment Type Net Lease
Lease Commencement 08/08/2024
Ground Lease No
7-Eleven | Nashville MSA | Prime Location on Hwy 76 | 100% Depreciation
Investment highlights
- Strategically located at the interchange of TN-76 (21,670 VPD) and Interstate 65 (64,972 VPD).
- Less than a mile from a Walmart Supercenter-anchored shopping center, positioning the property to draw steady traffic and benefit from strong crossover shopping activity. Other tenants include McDonald's, Whataburger, Waffle House, Kroger, Love's, Zaxby's & more.
- Only 25 miles North of Downtown Nashville, capturing both local and regional traffic.
- Strong local demographics with a population increase of 28.87% over the past 5 years.
Listing Contacts
Listed by Stonecliff, NewQuest Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$602,914.00
$50,242.83/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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