The Courtyard of Chapel Hill
431 W Franklin St, Chapel Hill, NC, 27516-2319, US
18,670 sf
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant 7-Eleven at 7707 Fayetteville Road in Raleigh, North Carolina (“Property” or “Asset”). The Property is operating on NN lease with ±13.2 years of primary lease term remaining, 10.0% rent escalations every 5 years and four, five-year options.
NC Broker of Record: Pete Pitroff - NC License #163984
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Attributes
Asking price
$9,062,000
Cap rate
4.85%
NOI
$440,000
WAULT
13.2 years
Building area net
5,080 sf
Land area gross
2.83 acres
Year built
2025
Media
Investment highlights
- Fee simple and bonus deprecation eligible (check with your CPA)
- ±13.2 years of NN primary lease term from investment grade ‘A’ tenant
- Hard corner positioned along one of the cities busiest corridors with 33,000+ VPD
- 8 miles south of downtown Raleigh, one of the fastest growing metro areas in the U.S.
- Dense retail corridor adjacent to top 5% most visited shopping center, Rand Village
- Significant development in immediate area with 500+ new apartment units
Contact brokers
7-Eleven - Raleigh NC (0 Properties)
