7-Eleven (Speedway) 4862 Bonny Oaks Dr

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in a brand-new 7-Eleven (dba Speedway) in Chattanooga, Tennessee. Positioned at a high-visibility signalized intersection with over 30,400 vehicles per day, the 2025 build sits on a prime hard-corner lot and features high-quality construction. The property is leased by corporate 7-Eleven, Inc. on a 15-year absolute NNN lease with rare 10% rental increases every five years during the base term and the three, five-year option periods.
Located in a no-income-tax state, the property provides potential tax advantages, including accelerated depreciation. The surrounding area features a strong industrial presence, with major manufacturers and distributors such as UPS, FedEx, and Ashley Furniture nearby. Additionally, the asset benefits from proximity to the University of Tennessee Chattanooga, the Volkswagen plant, and downtown Chattanooga.
7-Eleven, Inc., the tenant, is the world’s largest convenience retailer and a recognized leader in the industry. The company operates over 13,000 locations in North America and 85,000 worldwide, serving more than 11 million customers daily. 7-Eleven has a strong financial foundation, with a parent company holding investment-grade credit ratings (S&P: A). In 2023, the company reported nearly $121 billion in sales and ranked #129 on the Fortune Global 500 list.