7-Eleven - Gastonia, NC
1600 E Franklin Blvd, Gastonia, NC, 28054, US
NT$154,771,000 | 294 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee simple interest in the single-tenant 7-Eleven located in Kenly, North Carolina (“Property” or “Asset”). 7-Eleven is operating on an absolute NNN lease with 15.0 years of primary lease term, 10.0% rent escalations every 5 years and four, five-year renewal options with zero landlord responsibilities.
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Attributes
Asking price
NT$297,209,000
Cap rate
5.25%
NOI
NT$15,604,000
WAULT
15 years
Building area net
447 m²
Year built
2025
Land area gross
2.35 ha
Media
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities, ±15.0 years of primary lease term and 10% rent escalations every 5-years
- Investment grade corporate lease with depreciation benefits secured by an ‘A’-rated tenant (S&P)
- Wadesboro is part of the National Truck Network, a popular route for freight traffic with highway trucks accounting for over 82% of the freight volume
- Average commute time of 26.9 minute with a notable percentage of population of the workforce having “super commutes” that exceed 90 minutes
- Positioned along major highway, US 74, with direct visibility to 25,500 VPD
- Adjacent to the only high school in the Anson School District with 700+ students
- 7-Eleven is the world’s largest convenience store chain with 85,000+ locations
Contact brokers
7-Eleven - Wadesboro, NC (0 Properties)
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Last updated
13 Aug 2025
