Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of 7-Eleven | Bishopville, SC.
Situated at 1371 Sumter Highway in Bishopville, SC, the 4,650 square foot building is leased to 7-Eleven for eighteen years (rare, longer initial lease term which shows commitment to the location). The lease includes four, five (5) year options with 10% rental increases in each option. 7-Eleven is currently paying $422,500 which increases to $464,750 in year 7 of the initial term and $511,225 in year 13 of the initial term.
For more information, click below to visit the Data Room and view the Offering Memorandum.
Investment Highlights
NNN Lease w. Bonus Depreciation Potential with Building Ownership
- 18 Year Lease with 10% bumps every 6 years and in extension periods
- NNN lease providing zero landlord responsibilities
- Passive investment
Centrally Located Between High Growth SC MSAs
- Located in the middle of three high growth MSAs
- Columbia, SC the states capital has a steady annual growth rate of 1.5%
- Florence, SC grew 13% from 2010-2020
- Sumter, SC has sustained a 75% population growth since 1960
Corporate Backed Investment Grade Tenant
- 7-Eleven’s parent company, SevenEleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
Oversized Parcel
- Large parcel with almost eight acres
- Opportunity for larger redevelopment
- Overflow parking ability for the truck stop
New Construction Diesel Station
- Newly constructed building with warranties in place for the roof and mechanical systems
- 7-11 Diesel station format adding to their network of 7FLEET stations
Proven Demand off I-20
- Across the Street from a top performing Pilot Travel Center (top 92th percentile - 877K visits annually -Placer.ai)
- Located directly off of I-20 over 30k VPD
- Provides a diesel stop along the main logistics corridor in South Carolina
Photo Gallery
Sales Team
