Property History
Top Rated Tenant – 7-Eleven has investment-grade credit, rated ‘A’ by Standard and Poor’s.
Iconic Brand – 84,000+ Locations Worldwide, 13,000+ in the United States and Canada.
Proven Location – 7-Eleven has successfully operated at this location for 40+ years.
Absolute NNN Lease – Offering zero landlord responsibilities.
Hedge Against Inflation – Built in rental increases – 10%
Low Risk Involvement – Below average 7-Eleven market rent, increasing the long-term viability of the tenant.
Prime Location – Strategically located at the intersection of two highways, the property benefits from visibility and traffic.
Fee Simple – Eligible for bonus depreciation – please consult with a CPA to confirm.
Stable and Recession-Resistant Industry – Provides you with a consistent income stream.
24/7 Operation with Beer and Wine Sales – Provides convenience and attracts a broader customer base.
Growing Population – Steadily increasing population with estimates showing strong growth around 2% – 5% annually.
Strategically located on the Northwest corner of Caratoke Highway (Hwy 168) and Shortcut Rd (U.S. Route 158) this location benefits from traffic of these two major thoroughfares. The prominent location is highly accessible with great ingress/egress, offering customers two points of entry along Caratoke Highway. The property is located across the street from the US Post Office and the State Employees Credit Union which provide a great draw for the investment property. The offering is also the primary convenience store for the Currituck County Regional Airport. The offering is also located less than 25 minutes from the College of Albemarle. Additional surrounding retail tenants include Morris Farm Market, Ambrose Furniture and Sound Feet Shoes, among others.
- Strategic Location: Located at the intersection of two highways, Caratoke Hwy (Hwy 168) and Shortcut Rd. (Us Route 158)
- Proven Location: 7-Eleven has successfully operated at this location for ±40 Years
- 24-Hour Location
- Beer and Wine Sales
- Recent Lease Renewal Illustrates 7-Eleven’s Commitment to this Location
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Scheduled rental increases every 5 years provide for hedge against inflation
- Strong Corporate Guarantee from 7-Eleven, Inc. - the Largest convenience store chain in the world with more than 64,000 stores in 18 countries
- 7-Eleven is a “Recession-Proof” tenant and e-commerce resistant
- Investment-Grade Tenant (7-Eleven S&P Credit Rating: AA-; Outlook: Stable)
- Potential Tax Benefits: Asset may be eligible for an accelerated depreciation schedule (Consult with your tax or accounting professional regarding how this would apply to you)
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
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Map
Comparable Properties
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