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7-Eleven, Anderson, SC

7-Eleven

Anderson, South Carolina

Price $8,112,000
Cap Rate 4.50%
NOI $385,000
Lease Term 15 Years
Lease Type NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 4,743 SF
Lot Size 4.5 Acres (196,020 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NNN CORPORATE LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year NNN corporate lease
» Rare 10% rental increases every five years, providing a hedge against inflation
» 7-Eleven, Inc. is an investment grade tenant with an “A” rating from Standard & Poor’s
» 7-Eleven is the largest convenience retail chain in the world, with more than 71,100 stores worldwide
» No landlord management, ideal for an out-of-area investor

HIGH VISIBILITY LOCATION ON BUSY INTERSTATE 85 CORRIDOR WITH ACCESS TO A LARGE CUSTOMER BASE
» Strategic location on South Carolina Highway 81 (17,000 AADT) with freeway visibility and immediate access to the interstate 85’s (71,300 AADT) on/off-ramp
» Located just 12 miles from Downtown Anderson and 21 miles (approximately 30 minutes) from Downtown Greenville (70,720 residents)
» Centrally located between two populous cities, Atlanta (498,715 residents) and Charlotte (874,579 residents and commercial hub in North Carolina), providing access to the large trade area
» Affluent community with an average annual household income of $111,764 within one mile (projected to increase 12% by 2026)

PROMINENT LOCATION IN DENSE COMMERCIAL CORRIDOR NEAR WITH ESTABLISHED CUSTOMER BASE
» Prime location in a dense commercial corridor near many major area employers such as Techtronic Industries Power Equipment (1,394 employees), Robert Bosch Corporation (1,200 employees), Walgreens Distribution Center (610 employees), and many others
» Hampton Inn Anderson/Alliance Business Park (79 rooms) and Holiday Inn Express Anderson-I-85 (75 rooms) reside two miles from the site, increasing traffic to the location
» Minutes from AnMed Health Medical Center (461 beds, 3,915 employees), Tri-County Technical College (6,181 students), and Anderson University (3,085 students)
» Beneficial proximity to several airports including Greenville–Spartanburg International Airport (second busiest airport in South Carolina with 1.8 million passengers in 2021) and Anderson Regional Airport (14,000 annual passengers, $13 million in economic impact)

NEW 2022 CONSTRUCTION
» New 2022 construction built to latest 7-Eleven prototype with a large prominent sign and freestanding C-Store for added customer convenience
» Features eight (8) canopied fuel pumps and five (5) canopied diesel pumps for commercial trucks with 18-wheeler capacity serving truck drivers on route
» Location features Raise the Roost restaurant concept, which includes made-from-scratch, hand breaded fried chicken tenders with signature sauces, bone-in and boneless wings, signature chicken sandwiches, breakfast sandwiches, and more
» Large 4.5-acre lot with ample truck parking available



Property Description

7-Eleven is strategically located on South Carolina Highway 81 (17,000 AADT), with freeway visibility and immediate access to Interstate 85’s (71,300 AADT) on/off-ramp. The site is in a prominent location along the busy Interstate 85 corridor, and has access to a large customer base. The property is just 12 miles from Downtown Anderson and 21 miles (approximately 30 minutes) from Downtown Greenville (70,720 residents). The site is centrally located between two major cities, Atlanta (498,715 residents) and Charlotte (commercial hub in North Carolina with 874,579 residents), providing access to the large trade area along Interstate 85. Atlanta and Charlotte are the most populated cities in their state. The Anderson community is affluent and growing, with an average annual household income of $111,764 within one mile. The average annual household income is projected to increase 12% by 2026, poising Anderson and 7-Eleven for concurrent growth.

The property is situated in a dense commercial corridor near many major area employers such as Techtronic Industries Power Equipment (1,394 employees), Robert Bosch Corporation (1,200 employees), Walgreens Distribution Center (610 employees), and numerous others. Hampton Inn Anderson/Alliance Business Park (79 rooms) and Holiday Inn Express Anderson-I-85 (75 rooms) reside two miles from the site and provide increased traffic to the location. The site is minutes from AnMed Health Medical Center (461 beds, 3,915 employees), Tri-County Technical College (6,181 students), and Anderson University (3,085 students). The property maintains beneficial proximity to several airports in the area including Greenville–Spartanburg International Airport (second busiest airport in South Carolina with 1.8 million passengers in 2021) and Anderson Regional Airport (14,000 annual passengers, $13 million in economic impact).

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