Loading Map...
Loading Street View...

For Sale

7-Eleven

2603 E Cherokee St,
Blacksburg, SC 29702

Asset Snapshot

Regional Mall
Retail Subtype
1995
Year Built
16.04 Acres
Land Area

Offering Summary

Investment Overview

.


Investment Highlights

  • POTENTIAL 100% BONUS DEPRECIATION: A fee-simple purchase may qualify eligible 15-year and shorter-lived components for 100% first-year bonus depreciation. Land is excluded. Purchasers should confirm allocation and eligibility with their tax advisors
  • ABSOLUTE NET LEASE: 7-Eleven is responsible for taxes, insurance, maintenance, roof and structure. The lease provides passive ownership with no ongoing landlord responsibilities
  • PURPOSE-BUILT TRUCK-STOP FORMAT: 16.04-acre property combines a 4,743-square-foot 7-Eleven, passenger fueling, dedicated commercial-truck facilities and Raise the Roost food service. The large-format site supports multiple revenue channels
  • 10+ YEARS OF CORPORATE-GUARANTEED INCOME: The lease runs through March 31, 2037 and carries a corporate guarantee from 7-Eleven, Inc., an investment-grade (S&P:“A-”) tenant with substantial national scale
  • CONTRACTUAL 10% RENT GROWTH: Rent increases 10% every five years during the remaining term and throughout four five-year renewal options, creating recurring income growth and inflation protection
  • I-85 EXIT 106 LOCATION: Direct positioning at US-29 and I-85 (Over 60,000+ VPD) places the property on the primary corridor linking Upstate South Carolina with the Charlotte region. The interchange captures local, commuter and freight traffic

How it Works

Need Help?

Your brokers are your first point of contact for any listing or process questions. For additional support:

Listing Syndicated From

Buildout
Accepting Offers
$8,290,000
Asking Price

Investment Sales Broker

Brent Hanna
Encore Real Estate Investment Services

Market Insights