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