7-Eleven

661 Santa Fe Dr, Fayetteville, NC
Deal Type:
Net Lease
Price:
$6,960,000
Cap Rate:
5.00%
Current Rent:
$348,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, Five Year
Building Sq. Ft.:
4,950 SF
Rent Increases:
10% every 5 years
Site Size:
1.58 Acres

Investment Highlights

  • COMMITMENT: Brand new 15-year absolute NNN lease zero landlord responsibilities
  • RENT GROWTH: The lease calls for 10% increases every 5- years including option periods, providing a hedge against inflation
  • LOCATION: Site is positioned at the last exit on All American Highway prior to Fort Bragg Base entrance which is the only 24/7 entrance to the base
  • HIGH TRAFFIC DESTINATION: Strategic hard corner location with daily traffic of more than 40,000 vehicles per day at intersection
  • DEMOGRAPHICS: Dense infill-market with over 130,100 residents within a 5-mile radius

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Association with Scott Reid & ParaSell, Inc. | A Licensed North Carolina Broker #C32060

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