7-Eleven

1002 TN-76, White House, TN 37188

7-Eleven

Price $11,710,000
CAP Rate 5.15%
Lease Term 13+ Years
Net Operating Income (NOI) $602,914

Property Data

Building Size (SF) 4,650
Land Size (AC) 3.47
Year Built2024

Tenant(s) 7-Eleven
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 7.50% Every Five Years

Options 4 x 5 Yr
Rent Commencement 8/8/2024
Lease Expiration 9/31/2039

Offering Memorandum

Contact Broker

About Property

STONECLIFF is pleased to present the exclusive listing for a 7-Eleven located at 1002 TN-76, 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.

Investment Highlights

New 2024 Construction Absolute NNN Lease with 13+ Years Remaining and 4 (5-Year) Options to Extend and 7.5% rental increases
Corporate-Backed, High-Growth Tenant: 7-Eleven continues nationwide expansion with over 84,000 locations and $8B+ in annual revenue.
Prime Location - Strategically located at the interchange of TN-76 (21,670) and Interstate 65 (64,972 VPD)
Near Several National Tenants - 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
Proximity to Nashville - Only 25 miles North of Downtown Nashville, capturing both local and regional traffic
Fast Growing City - White House, TN has had a population increase of 28.87% over the past 5 years