Absolute NNN lease, zero landlord responsibilities, fee simple ownership
Brand new 2021 construction, expected opening May 2021
New 15-year initial lease term with 10% increases every 5 years
Corporately guaranteed lease with an Investment Grade Tenant (S&P: AA-)
7-Eleven is consistently the #1 convenience store chain in America with over 9,400 stores nationwide (71,000 stores globally)
7-Eleven is an American-Japanese international chain of convenience stores, headquartered in Irving, Texas that operates, franchises, and licenses in 17 countries. Founded in 1927, 7-Eleven was the pioneer of the convenience concept and was the first convenience store to start selling gas and use ATM services. Stores are usually located on corners for great visibility and accessibility. The company’s most iconic products are the Slurpee, Big Gulp soft drinks, and fresh-made coffees. Their product mix is always evolving; to better serve a culture demanding healthier options, they have added high-quality salads, side dishes, cut fruit and protein boxes under their private label called 7-Select. 7-Select’s outstanding prices and fresh quality have led to double-digit sales increases, outselling many national brands. 7-Eleven is one of the most active franchisors, generating approximately $120 billion in in-store net sales in 2019, with estimates to reach $168 billion by 2024. In early 2018, 7-Eleven closed its acquisition of 1,030 Sunoco convenience stores located in 17 states, the largest acquisition in 7-Eleven, Inc. history.