7-Eleven - Gastonia, NC

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant 7-Eleven (the "Tenant") located at 1600 E Franklin Blvd, Gastonia, NC (the "Property" or "Asset"). Following construction in 2020, the Tenant is operating under a 15-year absolute NNN lease with attractive 5.00% rental escalations every five years, in addition to four, five-year options to extend the lease. The lease features approximately 10 years of lease term remaining and its next rental escalation in five months, providing investors with an immediate yield increase following the acquisition.

The Property is situated on the Northeast corner of E Franklin Blvd and N New Hope Rd with exposure to 46,000 vehicles per day (“VPD”) and just south of I-85 off Exit 19 (124,000+ VPD). Along E Franklin Rd sits a dense retail corridor with notable retailers including Home Depot, Lowe’s, Walmart, Sam’s Club, and many others.

Since 2010 alone, the City of Gastonia’s population has increased by more than 12%, making it one of the fastest-growing cities in Gaston County. This is largely attributed to the increased growth of the Charlotte area as well as an appealing quality of life within the growing suburban city.

This offering presents the opportunity to acquire a bonus-depreciation eligible Asset with investment-grade tenancy, a near term yield increase, and location within a highly dynamic growth submarket of Charlotte.