Net-lease investment offering
7-Eleven
1002 Highway 76, White House, TN
$11,710,000Asking price
5.15%Capitalization rate
$602,914Net operating income
12.9 YearsTerm remaining
Offering memorandumComplete investment materials
Download OM
Broker of RecordJack GilmoreKabat Real Estate Solutions LLCTN License No. 333772
Corporate-guaranteed · Absolute NNNOffering Details
Investment Economics
Asking Price$11,710,000
Capitalization Rate5.15%
Net Operating Income$602,914
Lease Profile
Term Remaining12.9 Years
Original Lease Term15 Years
Roof / StructureNone
Rent Increases7.50% Every Five Years
Right of First RefusalYes
Lease ExpirationSeptember 30, 2039
Rent CommencementAugust 8, 2024
Tenant7-Eleven
Lease TypeAbs. NNN
GuarantyCorporate
Landlord ResponsibilitiesNone
Renewal Options4 x 5 Yr
Property
Property TypeConvenience / fuel
Building Area4,650 SF
Land Area3.47 Acres
Year Built2024
Investment Overview
STONECLIFF is pleased to present the exclusive listing for a 7-Eleven located at 1002 Highway 76 East, White House, TN 37188. The site consists of roughly 4,650 rentable square feet of retail space on an estimated 3.47-acre parcel of land. This 7-Eleven is subject to a 15-year Absolute Triple Net (NNN) Lease with 13+Years Remaining. The annual rent is $602,914 with scheduled 7.50% rental increase Every Five Years in Primary Term and Option Periods.
- 01Strategically located at the interchange of TN-76 (21,670 VPD) and Interstate 65 (64,972 VPD).
- 02Less than a mile from a Walmart Supercenter-anchored shopping center, positioning the property to draw steady traffic and benefit from strong crossover shopping activity. Other tenants include McDonald’s, Whataburger, Waffle House, Kroger, Love’s, Zaxby’s & more.
- 03Only 25 miles North of Downtown Nashville, capturing both local and regional traffic.
- 04Strong local demographics with a population increase of 28.87% over the past 5 years.
Location & Market
White House, TN · 1002 Highway 76, White House, TN
The property is located in White House, TN. The map and market indicators below summarize regional access, demographics, and surrounding demand drivers.
21,670Vehicles per day
64,972Interstate 65 traffic
28.87%5-year population growth
25 milesProximity to Downtown Nashville