7-Eleven

  • $11,710,000

Overview

  • 7-Eleven
    Tenant(s)
  • $11,710,000
    Price
  • 5.15%
    CAP Rate
  • $602,914
    Net Operating Income (NOI)
  • 15 Years
    Lease Term
  • 7.50% Every Five Years
    Increases
  • Abs. NNN
    Lease Type
  • August 2024
    Rent Commencement
  • September 2039
    Lease Expiration
  • 4 x 5 Yr
    Options
  • 4,650
    Building Size (SF)
  • 2024
    Year Built
  • 3.47
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

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.

    • Strategically located at the interchange of TN-76 (21,670 VPD) and Interstate 65 (64,972 VPD).
    • Less 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. 
    • Only 25 miles North of Downtown Nashville, capturing both local and regional traffic. 
    • Strong local demographics with a population increase of 28.87% over the past 5 years.

 

Property Documents

7-Eleven_TN_White House OM

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