3436 S Memorial Dr - Retail FOR SALE


Greenville, NC 27834- Southwest Greenville
$7,366,000 USD
980-498-3293
3436 S Memorial Dr, Greenville, NC for Sale
$7,366,000 USD
Retail - FOR SALE
1/8
null | 5.35% Cap Rate

3436 S Memorial Dr
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • CORPORATE GUARANTEE | CREDIT WORTHY TENANT
  • LOCATED IN DENSE RETAIL NODE
  • OUTPARCEL TO GREENVILLE CROSSING

OVERVIEW

ABS. NNN LEASE - BONUS DEPRECIATION OPPORTUNITY - 15 Year Lease with 10% bumps every 5 years and in extension periods - Abs. NNN lease providing zero landlord responsibilities - Passive investment - Land & Building ownership provides additional tax benefits through Bonus Depreciation CORPORATE GUARANTEE | CREDIT WORTHY TENANT - 7-Eleven’s parent company, SevenEleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY) - There are over 83,000 locations across the world EAST CAROLINA UNIVERSITY - Less than 4 miles from East Carolina University - ECU is the third largest university in the state of North Carolina - With over 30k students enrolled and more than 6,000 employees - In 2023, East Carolina University had a total economic impact of more than $2.3 Billion on the surrounding area with more than $2.5 Billion on the state as a whole LOCATED IN DENSE RETAIL NODE - Within a 1-mile radius of the site is more than 1.5M SF of retail space - Nearby National Retailers Include: Academy Sports & Outdoors, Hobby Lobby, Lowe’s Home Improvement, Walmart Supercenter, and more NEW CONSTRUCTION - Newly constructed building with warranties in place for the roof and mechanical systems OUTPARCEL TO GREENVILLE CROSSING - Greenville Crossing is a 125K SF community built in 2016 that is 100% occupied - According to placer.ai the Academy Sports & Outdoors is in the 98th percentile of all Academy locations in the country in terms of visits - The Hobby Lobby is in the top 85% of all Hobby Lobby’s in the country

FOR SALE DETAILS

PRICE

$7,366,000 USD

PRICE/SF

$1,537 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Service Station, Storefront, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

088930

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.