7-Eleven | 4621 Market St
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7-Eleven 4621 Market St
4,650 SF Retail Building Wilmington, NC 28405 $10,029,000 ($2,157/SF) 5.15% Cap Rate
Investment Highlights
- Attractive Lease Fundamental - Abs. NNN - Bonus Depreciation
- New Construction
- High Growth Wilmington, NC
Executive Summary
Attractive Lease Fundamentals
- 10% rental increases every 5 years, including option periods
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, has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
Positioned in Prominent Retail Trade Area
- Located in Wilmington’s primary retail area
- Over 2.7MSF located in a 1-mile radius. Nearby tenant include Walmart, Target, Lowe’s, Costco, Sam’s Club PetSmart, Ross, Petco, Old Navy, etc.
Highly Visible and Accessible on a Major Thoroughfare
- Located at a signalized intersection fronting Market St (37.5K VPD)
New Construction
- Newly constructed building to 7-Eleven’s latest prototype with warranties in place for the roof and mechanical systems
- 10% rental increases every 5 years, including option periods
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, has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
Positioned in Prominent Retail Trade Area
- Located in Wilmington’s primary retail area
- Over 2.7MSF located in a 1-mile radius. Nearby tenant include Walmart, Target, Lowe’s, Costco, Sam’s Club PetSmart, Ross, Petco, Old Navy, etc.
Highly Visible and Accessible on a Major Thoroughfare
- Located at a signalized intersection fronting Market St (37.5K VPD)
New Construction
- Newly constructed building to 7-Eleven’s latest prototype with warranties in place for the roof and mechanical systems
Property Facts
Sale Type
Investment NNN
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
C
Year Built
2024
Price
$10,029,000
Price Per SF
$2,157
Cap Rate
5.15%
NOI
$516,475
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.20 AC
Zoning
RB
Parking
5 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
36 FT on Market St
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,354,500 | Total Assessment | $1,354,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,354,500
Improvements Assessment
$0
Total Assessment
$1,354,500
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David Hoppe -
Sam Young -
Ben Olmstead -
Atlantic Capital Partners
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7-Eleven | 4621 Market St
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