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4623 Market StWilmington, NC 28405
7-Eleven | Wilmington, NC | 5.15% Cap
Asset ClassRetail
Cap Rate5.15%
7-Eleven | Wilmington, NC | 5.15% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of 7-Eleven | Wilmington, NC. This new construction, 4,650 SF asset has been leased to 7-Eleven for fifteen years. The asset is located in Wilmington’s most commercialized corridor, and enjoys phenomenal accessibility on a signalized intersection.

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Investment Highlights

Attractive Lease Fundamentals

  • 10% rental increases every 5 years, including option periods

Absolute Net Lease

  • Absolute net-lease provides next owner with zero landlord responsibilities and bonus depreciation
  • Passive Investment

Corporate Guaranty from Investment Grade Tenant

  • 7-Eleven’s parent company, Seven-Eleven Japan Co, has a market cap of $37.18B (Ticker: SVNDY)
  • There are over 83,000 locations across the world

Positioned in Prominent Retail Trade Area

  • Located in Wilmington’s primary retail area
  • Over 2.7MSF located in a 1-mile radius. Nearby tenant include Walmart, Target, Lowe’s, Costco, Sam’s Club PetSmart, Ross, Petco, Old Navy, etc.

Highly Visible and Accessible on a Major Thoroughfare

  • Located at a signalized intersection fronting Market St (37.5K VPD)

New Construction

  • Newly constructed building to 7-Eleven’s latest prototype with warranties in place for the roof and mechanical systems
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4623 Market StWilmington, NC 28405
University of North Carolina - Wilmington

Sales Team

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Listing provided by Revere CRE