Purchase Price | $6,721,739 |
---|---|
Annual Rental Income | $386,500 |
Cap Rate | 5.75% |
Lease Term | 13 Years |
City | Greenville MSA |
7‑Eleven Triple Net Investment Opportunity
Greenville MSA, South Carolina
This offering presents a rare opportunity to acquire a newly constructed 7‑Eleven convenience store and fueling station, strategically located in the Greenville Metropolitan Statistical Area, one of the fastest‑growing and most business‑friendly markets in the Southeast. With its prime hard‑corner positioning, fee simple ownership, expansive parcel, absolute triple net lease backed by a corporate guarantee, and scheduled rent escalations, this property provides investors with a stable, long‑term income stream and excellent tax advantages.
Location and Market Overview
The property is prominently located at a high‑traffic hard corner in the Greenville metro, with traffic counts exceeding 42,000 vehicles per day on the primary roadway and an additional 25,000 vehicles daily on the intersecting arterial. Its signalized intersection ensures easy ingress and egress for both local residents and commuters, while prominent signage maximizes visibility.
Greenville has become a standout market in the Southeast, experiencing rapid population growth and an influx of major employers. Once known primarily as a manufacturing hub, Greenville has transformed into a diversified economy anchored by industries such as automotive, advanced manufacturing, logistics, healthcare, and technology. The city is home to major employers including BMW, Michelin North America, Fluor, Prisma Health, and General Electric, among others. With more than 1.5 million residents in the broader Upstate region, Greenville is one of the fastest‑growing areas in the Carolinas.
Demographics
The immediate trade area reflects strong household income levels and growing population density. Within one mile, the average household income exceeds $82,000. Expanding to three miles, average household income rises above $90,000 with a population of more than 48,000. The five‑mile radius encompasses a population exceeding 145,000, with household incomes averaging $94,000. Per capita income in the trade area is approximately $41,000, and nearly 28 percent of households earn more than $125,000 annually.
These demographics, combined with Greenville’s rapid residential growth, provide a strong foundation for sustained retail performance. Numerous new subdivisions, multifamily developments, and mixed‑use projects are under construction in the immediate area, driving continued expansion of the consumer base.
Property Details
The subject property occupies a 1.2‑acre parcel on a hard corner at a signalized intersection. The modern design includes a high‑capacity fueling canopy, a contemporary convenience store building, multiple points of ingress and egress, and ample parking. The efficient site layout supports strong traffic circulation and customer flow, while prominent monument and building signage maximize visibility from both roadways.
The parcel’s size and prime location also provide long‑term redevelopment or expansion potential, enhancing the property’s value over time. Ownership is fee simple, granting the buyer complete control of both land and improvements without ground lease restrictions. This structure ensures maximum flexibility for financing, long‑term planning, and future disposition.
Lease Structure and Tenant Guarantee
The property is leased to 7‑Eleven, Inc. under an absolute triple net (NNN) lease. The tenant is responsible for all operating expenses, including property taxes, insurance, and roof and structure maintenance, leaving the landlord with no management responsibilities. This lease structure ensures a completely passive investment for the owner.
The base term of the lease is 15 years, with four successive five‑year renewal options, providing up to 35 years of secure tenancy. Rental increases of 10 percent are scheduled every five years throughout the initial term and renewal periods, delivering consistent income growth and a hedge against inflation.
The lease is backed by a corporate guarantee from 7‑Eleven, Inc., one of the world’s most recognized and trusted convenience retail brands. With thousands of stores nationwide and an A‑rated credit profile, 7‑Eleven offers unmatched financial stability and reliability.
Tax Benefits and Bonus Depreciation
In addition to its strong lease fundamentals, the property qualifies for bonus depreciation and accelerated cost segregation under current federal tax law. These provisions allow investors to take substantial upfront depreciation deductions in the early years of ownership, significantly reducing taxable income. For high‑income individuals, 1031 exchange buyers, and family offices, this provides a powerful advantage, combining secure income with enhanced tax efficiency.
Surrounding Area and Trade Drivers
The Greenville MSA benefits from a diverse economy and strategic location in the heart of the Southeast. Known as the economic engine of South Carolina’s Upstate region, Greenville has been ranked as one of the top 10 fastest‑growing cities in the U.S. The area’s robust business climate, highly skilled workforce, and affordable cost of living continue to attract both employers and residents.
The property’s immediate corridor features a strong mix of retail, dining, and service providers, creating steady cross‑traffic. National tenants including grocery anchors, banks, and quick service restaurants are located nearby, complementing the site’s customer base. The daytime population is reinforced by nearby industrial parks, healthcare facilities, and corporate offices, ensuring consistent demand throughout the day. Access to major highways such as Interstate 85 and Interstate 385 further strengthens connectivity and traffic flow.
Investment Highlights
Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, private investors, institutional funds, and family offices seeking a stable, long‑term, passive investment. The absolute NNN lease structure, corporate guarantee, and fee simple ownership make the property highly attractive to lenders and desirable for buyers focused on long‑term security with minimal management obligations. The combination of scheduled rental increases, strong credit tenancy, and tax efficiency further enhances the investment profile.
Conclusion
This 7‑Eleven in the Greenville MSA represents a premier net lease investment opportunity. With its absolute triple net lease, corporate guarantee, escalating rental income, and fee simple ownership, the property offers both immediate stability and long‑term value. Its prime hard‑corner location in an affluent and rapidly growing trade area, coupled with the strength of the Greenville economy, positions this asset as a cornerstone investment for decades to come.
Qualified investors are invited to request the full offering memorandum, financial analysis, and acquisition details for this outstanding property.