ATTRACIVE LEASE FUNDAMENTALS
- 15 Year Lease with 10% bumps every 5 years and in extension periods
- NNN lease providing zero landlord responsibilities
- Land & Building Lease provide bonus depreciation opportunity
INVESTMENT GRADE TENANT
- 7-Eleven’s parent company, Seven-Eleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
POSITIONED NEAR MARKET DRIVERS
- Site is located just south of Union Academy Charter School
- This school has over 2,200 kids in grades PK-12th
- The school employs more than 200 employees and provides a built in customer base for the C-store
GROCERY OUTPARCEL & NEW IMMEDIATE DEVELOPMENT
- Sitting next door is the recently constructed Food Lion (98th percentile in visits nationally) which delivered in 2020
- Behind the site is the new Cedar Meadows Housing Development
- This development is over 80 acres with 206 single family detached lots that started construction in 2022
RECENT CONSTRUCTION AT SIGNALIZED INTERSECTION
- Recently constructed building with warranties in place for the roof and mechanical systems
- Positioned at the hard corner of Weddington Rd (7.2K VPD) and N. MLK Blvd (15K VPD) providing the site easy access and strong viability
CHARLOTTE, NC TAILWINDS
- This 7-Eleven is located south of Charlotte, NC and just east of Rock Hill and Fort Mill, SC
- Charlotte, NC ranked #5 in fastest growing Metros
- This property will be a direct beneficiary of the rapid expansion that Charlotte and the surrounding areas continue to experience