7-Eleven Abs NNN Super Walmart Adj 800 E Little Creek Rd

This well-located corporate 7-Eleven is at the signalized corner of Little Creek Road and Old Ocean View Road. The property is across the street from a Super Walmart anchored center and has heavy drive-by exposure from the approximate 25,000 cars that pass by daily. This 24-hour, non-gas store is priced at $1,850,000 at just under a 5% cap rate. The lease is Absolute NNN with 10% rent increases every five years (note that the 2026 rental income is the basis for value and seller will credit the rent differential at closing). With a lease term until April 30, 2031, and two 5-year renewal options, and a very low rent compared for a C-store, this property provides the potential for steady income, long term tenancy (in occupation since ~1981), and future growth. The Lease Commencement Date above is estimated.