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7-Eleven 3901 Ramsey St

4,650 SF Retail Building Fayetteville, NC 28311 $7,646,000 ($1,644/SF) 5.15% Cap Rate

Investment Highlights

  • Attractive Lease Fundamentals
  • New Construction with Transferable Warranties
  • Located on Signalized Intersection

Executive Summary

Attractive Lease Fundamentals
- 10% rental increases every 5 years
Absolute Net Lease
- Absolute net-lease provides next owner with zero landlord responsibilities and bonus depreciation
- Passive investment
Corporate Guaranty From Investment Grade Tenant
- 7-Eleven’s parent company, Seven-Eleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83K locations across the world
Positioned in Prominent Retail Trade Area
- Out Parcel to Lowes Home Improvement
- Over 1.1MSF located in a 1-mile radius, boasting a 0.5% vacancy rate
- Nearby tenants include: Lowe’s HI, Walmart, Chick-Fil-A, and Starbucks
Highly Visible and Accessible Location on a Major Thoroughfare
- Located at a Signalized Intersection fronting Ramsey ST (27.5K VPD)
New Construction
- Newly constructed building to 7-Eleven’s latest prototype
- Transferable warranties

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,650 SF
Building Class
B
Year Built
2023
Price
$7,646,000
Price Per SF
$1,644
Cap Rate
5.15%
NOI
$393,769
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.10 AC
Zoning
CC-COMMUNI
Frontage
207 FT on Ramsey St

Nearby Major Retailers

Rent-a-center
Waffle House
Starbucks
First Citizens Bank
Cook Out
CrossFit Intrinsic
Woodforest National Bank
Planet Fitness
Freddy's Frozen Custard & Steakburgers
First Horizon Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0439-56-6787
Land Assessment
$593,799
Improvements Assessment
$824,548
Total Assessment
$1,418,347
  • Listing ID: 31456462

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 3901 Ramsey St, Fayetteville, NC 28311

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