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Asking Price
NOI Net Operating Income
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Property Description

JLL is pleased to offer for sale the fee-simple interest in a brand-new, single-tenant 7-Eleven (the “Property” or “Asset”) located in Salisbury, North Carolina. The subject property is leased to 7-Eleven, the largest convenience store operator in North America, boasting an outstanding investment grade “A” credit rating from S&P with over 14,000+ stores in the United States. The Asset is encumbered by a triple-net lease with expected rent commencement in October 2021 and features a full 15 years of primary lease term with 5% rental escalations every five years and four, five-year renewal options. The Asset benefits from a strategic location with excellent visibility and accessibility along Interstate-85 (84,000 VPD) at exit 81, directly between Charlotte and Greensboro, North Carolina. This brand-new investment offering presents the unique opportunity to acquire industry leading and investment grade tenancy within one of the fastest growing metro areas in the United States.

Investment Highlights

  • 15 year lease to investment grade tenant with zero landlord responsibilities
  • Exceptional off-interstate positioning along Interstate-85 (84,000 VPD)
  • Brand new 2021 construction
  • Internationally recognized and industry leading tenancy
  • Features 7-Eleven's new restaurant concept, CAT scale & high-capacity diesel fueling system
  • Located in high growth Charlotte MSA
Last Updated Date: 19 Jul 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 19 Jul 2021

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