Mansfield, MA - 7-Eleven

Description:

• This site has been open and operating for 40+ years and has 17 years remaining on the lease with 3 (5-year) options to extend
• The lease is signed by 7-Eleven, Inc., an investment grade (S&P: A), a globally recognized and established convenience store/gas operator (14,000+ U.S. sites)
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• In April 2014, 7-Eleven’s $1.8B acquisition of Sunoco, LP was announced, approved by shareholders in August 2014, and finalized in January 2018; the transaction included the acquisition of roughly 1,108 stores across 18 states

• 7-Eleven is less than 3 miles East off I-95 (102,600 VPD) & I-495 (92,500 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• The nearby residential neighborhoods will provide a direct, steady consumer base from which to draw
• The trade area is supported by surrounding retailers such as Chipotle, The Home Depot, Wendy’s, Amazon, and more
• North of Mansfield Crossing, which features Best Buy, Kohl’s, Michaels, Five Below, and more; Mansfield Crossing ranks in the top 85% (5,495 out of 38,667) of all nationwide shopping centers according to Placer.ai
• 6 miles South of Gillette Stadium, home of the New England Patriots