Moncks Corner, SC - 7-Eleven

Description:

• The tenant currently has 7+ years remaining on their initial lease with
5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1.04% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada

• The asset is ideally located in a dense retail corridor, with numerous nearby nationa/credit tenants including Walmart Supercenter, Taco Bell, McDonald’s, Food Lion, Chick-fil-A, Walgreens, and CVS
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to St. John’s Christian Academy (450 students) and Moncks Corner Medical Center (321 beds), further increasing consumer traffic to the immediate area