7-Eleven | Absolute NNN

Highlights:

• Highly Visible Location — The subject property is ideally located along major roadways, and sees over ±19,000 VPD on W W.T. Harris Blvd and ±14,000 VPD on Mt HollyHuntersville Rd. It also benefits from the daily traffic on I-485 (±83,000 VPD) as it is less than a half mile from the Harris Blvd exit.
• Long-Term Lease — The primary lease term has over 12 years remaining and two, 5-year options to extend.
• Absolute NNN Lease — The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
• Affluent Submarket — The average household income in the surrounding 5 miles is over $105,142 per year, and consumer spending is approximately $1.6B per year.
• Successful Operating History — Tenant has operated at this location since 2018 and averages approximately 25,451 customer visits per month according to AlphaMap data.
• Proximity to Popular Retailers — Popular retail destinations in the surrounding area include Food Lion, Popeyes, Dollar General, Target, Lowes, Northlake Mall, and many others.
• High Barrier to Entry Submarket — The Neighboring corner is rurally zoned land which prohibits gas station competition from entry to the intersection.
• Available for Bonus Depreciation — The fee simple ownership of 6 MPDUs, 3,648 SF convenience Store and and 1,199 SF Car Wash tunnel allows for bonus depreciation.*

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