7-Eleven

2275 Nazareth Church Road, Spartanburg, SC

$2,967,000

Price

3,485 sqft

Building Size

2.84 acres

Lot Area

Overview
Building Size
3,485 sqft
Lot Area
2.84 acres
Occupancy
100%
Units
1
Year Built
2020
Description

RealtyLink is proud to offer this brand new 7-Eleven corporate ground lease investment opportunity in Upstate South Carolina. 7‑Eleven is the premier name and largest chain in the convenience-retailing industry with more than 70,000 stores in 17 countries, including 11,800 in North America. Ground lease term is 15 years with 4 renewal options of 5 years each and 8% rent bumps every 5 years. Superior location at a signalized intersection just off a high traffic I-85 exit and 8 miles from the CBD.

Southeast corner of US Hwy 29 and Nazareth Church Road in west Spartanburg adjacent to I-85 exit 66 and about 8 miles from the CBD.

Highlights
  • 7-Eleven has more than 70,000 stores in 17 countries
  • 15 year corporate ground lease with 4 renewal options 5 years each
  • 8% rent bumps every 5 years including renewal options
  • Located at I-85 exit 66 and 10 miles from the International Airport
  • Daily traffic counts of 25,500 in front of property and 93,100 on I-85
  • Population over 60,000 within a 5-mile radius of property
Documents

Location
Gallery