7-Eleven

7-Eleven Triple Net Investment Opportunity
Cleveland MSA, Ohio

This offering presents a unique opportunity to acquire a newly constructed 7‑Eleven convenience store and fueling station located within the Cleveland Metropolitan Statistical Area. Positioned on a prime hard corner with strong traffic exposure, fee simple ownership, an absolute triple net lease, and a corporate guarantee, this property provides investors with a long-term, stable income stream supported by a highly creditworthy tenant and scheduled rental escalations. The Cleveland market, with its affordable cost of living and economic revitalization, offers a compelling environment for net lease investment.

Location and Market Overview
The property is strategically situated at a signalized hard corner within the Cleveland MSA, with daily traffic counts exceeding 48,000 vehicles on the primary roadway and an additional 28,000 vehicles on the intersecting arterial. This high-visibility location ensures excellent exposure to local commuters, residents, and pass-through traffic. The intersection’s signalization allows for efficient ingress and egress, making it convenient for customers and supporting strong sales volume.

Cleveland, with a population of approximately 2 million residents in the metro area, is a regional economic hub in Northeast Ohio. The city has experienced ongoing revitalization, driven by investments in healthcare, education, manufacturing, and technology sectors. Anchored by major institutions such as the Cleveland Clinic, Case Western Reserve University, and a growing tech startup ecosystem, the region continues to attract a skilled workforce and corporate investment. The Cleveland metro combines affordability with a stable economy, fostering demand for convenience retail.

Demographics
The surrounding trade area demonstrates solid demographics supportive of consistent retail demand. Within a one-mile radius, average household incomes are approximately $68,000. Expanding to three miles, average household income increases to $72,000 with a population exceeding 60,000 residents. The five-mile radius encompasses more than 195,000 residents, with household incomes averaging $75,000. Per capita income in the area is approximately $32,000, and roughly 18% of households report incomes above $100,000 annually.

While the Cleveland metro’s incomes are more moderate relative to some larger coastal markets, the affordable cost of living and steady population base provide a consistent consumer base for convenience retail. New residential developments and infrastructure improvements in the area contribute to ongoing population stabilization and modest growth.

Property Details
The subject property is located on an approximately 1.1-acre parcel at a hard corner of a signalized intersection, allowing for optimal visibility and access. The site includes a modern fueling canopy with multiple pump islands, a contemporary convenience store building, and ample parking designed for high turnover and easy customer flow. Monument and building signage are prominently displayed to maximize tenant brand exposure.

Fee simple ownership provides the investor with full rights to both the land and improvements, eliminating the risks and restrictions associated with ground leases. The parcel size affords opportunities for potential future expansion or redevelopment, enhancing long-term asset value.

Lease Structure and Tenant Guarantee
The property is leased to 7‑Eleven, Inc. under an absolute triple net lease, whereby the tenant assumes full responsibility for property taxes, insurance, maintenance, and repairs, including roof and structural components. This lease format ensures the landlord bears no management or operational responsibilities, delivering a truly passive investment.

The initial lease term is 15 years, with four consecutive five-year renewal options, offering a total potential term of 35 years of tenancy. Rental escalations of 10% occur every five years, providing reliable income growth and protection against inflation.

The lease is backed by a corporate guarantee from 7‑Eleven, Inc., one of the nation’s most prominent convenience store operators. The tenant’s A-rated credit profile and expansive nationwide footprint provide unparalleled financial security, making this asset a sought-after addition to any net lease portfolio.

Tax Benefits and Bonus Depreciation
As a newly constructed retail fueling property, the investment qualifies for bonus depreciation and accelerated cost segregation under current tax regulations. These provisions allow investors to realize significant upfront depreciation benefits, reducing taxable income in early ownership years. This tax efficiency, combined with stable rental income, makes the property highly attractive for high-net-worth individuals, 1031 exchange buyers, and institutional investors.

Surrounding Area and Trade Drivers
Cleveland’s economy benefits from diverse sectors including healthcare, manufacturing, education, and technology. The Cleveland Clinic, one of the world’s top medical centers, along with several universities and corporate headquarters, drives significant daytime population and economic activity. The city’s ongoing urban renewal projects and public infrastructure investments support a positive outlook for retail demand.

The property’s immediate corridor includes a mix of residential neighborhoods, commercial centers, and service providers. National quick-service restaurants, grocery stores, and retail establishments surround the site, generating complementary traffic. The intersection’s excellent connectivity to major highways ensures easy access from the surrounding suburbs and city core.

Investment Highlights

• Absolute triple net lease with 7‑Eleven, Inc., relieving the landlord of all operational responsibilities.
• 15-year initial lease term with four five-year renewal options, totaling up to 35 years of secure tenancy.
• Scheduled 10% rental escalations every five years, providing consistent income growth and inflation protection.
• Corporate guarantee from 7‑Eleven, Inc., a nationally recognized tenant with an A-rated credit profile.
• Fee simple ownership of a 1.1-acre hard corner parcel, offering maximum control and long-term value.
• Prime location with daily traffic counts exceeding 48,000 vehicles on the main road.
• Solid trade area demographics with average household incomes ranging from $68,000 to $75,000 within five miles.
• Eligibility for bonus depreciation and accelerated cost segregation, delivering significant tax advantages.
• Located within the Cleveland MSA, a stable and evolving Midwest market with ongoing revitalization.

Buyer Profile and Financing
This asset is well suited for 1031 exchange buyers, private investors, family offices, and institutional funds seeking a secure, passive income investment. The fee simple ownership combined with an absolute NNN lease and corporate guarantee ensures strong lender appeal and financing options. Investors benefit from predictable cash flow, inflation protection, and tax efficiency in a market with stable economic fundamentals.

Conclusion
This 7‑Eleven in the Cleveland MSA offers a best-in-class net lease investment with long-term income stability and growth. Its absolute triple net lease, backed by a corporate guarantee, fee simple ownership, and a prime hard corner location with strong traffic and solid demographics, creates a compelling opportunity for investors seeking a passive, inflation-protected, and tax-advantaged asset.

Interested parties are encouraged to request the full offering memorandum, financials, and acquisition details.