1857 Princeton Kenly Road, Kenly, NC, 27542, US

7-Eleven - Kenly, NC

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 ±14.4 years of primary lease term remaining, 10.0% rent escalations every 5 years and four, five-year renewal options with zero landlord responsibilities.

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Attributes

Asking price

$9,991,000

Cap rate

5.35%

NOI

$535,000

WAULT

14.4 years

Building area net

4,650 sf

Year built

2024

Land area gross

9.61 acres

Media

Investment highlights

Absolute NNN lease with zero landlord responsibilities, ±14.4 years of primary lease term remaining and 10% rent escalations every 5-years
Investment grade corporate lease with depreciation benefits secured by an ‘A’-rated tenant (S&P)
Adjacent to Kenly 95 Truckstop, the #2 ranked truck stop in the U.S. with 1.5M+ annual visits
7-Eleven is the world’s largest convenience store chain with 85,000+ locations
Proximate to Manheim Auto Auction, one of the largest car auctions on the east coast
Well positioned just of Interstate 95 with direct visibility to 46,300 VPD