7-Eleven
Retail | 5.25% CAP | 4,824 SqFt
Marketing description
SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest in a brand new, absolute NNN-leased 7-Eleven convenience store and fuel station in Louisville, Kentucky. The property is leased to 7-Eleven, Inc. under a newly executed 15-year corporate lease with five 5-year renewal options, signed by the corporate entity, 7-Eleven, Inc. (S&P: A-), with zero landlord responsibilities. The lease features 7.5% scheduled rental increases every five years, growing NOI contractually from $425,996 in Year 1 to $492,291 in Year 11. Built in 2026 to 7-Eleven's latest prototype standard, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act (signed July 4, 2025), making it among the most tax-efficient acquisition structures available in the net lease market.
Investment highlights
- Brand new 15-year absolute NNN lease recently executed by 7-Eleven, Inc. with five 5-year renewal options, demonstrating long-term corporate commitment to the site.
- Corporate entity lease signed by 7-Eleven, Inc. (S&P: A-) - not a franchise or operator guarantee. This is the full financial weight of the world's largest convenience retailer behind the lease obligation.
- 15.6% cumulative NOI growth over the initial term, from $425,996 in Year 1 to $457,945 in Year 6 and $492,291 in Year 11, fully contractual with zero leasing, renewal, or re-tenanting risk.
- Brand new 2026 ground-up construction built to 7-Eleven's latest prototype standard with modern convenience retail design, state-of-the-art fueling infrastructure, and top-of-line amenities.
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