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7-Eleven - New Construction - Nexton Nexton Pkwy and Scholar Way

4,650 SF Retail Building Summerville, SC 29486 $8,814,380 ($1,896/SF) 5.20% Cap Rate

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Investment Highlights

Charleston MSA
260% Population Growth (2010-2023)
Next to Nexton Elementary School

Nexton Community recently named “Best Mix-Use Development in the United States”
Full access to Nexton Pkwy (29,000 VPD)

Executive Summary

Oswald Cooke is pleased to present a newly constructed corporate 7-Eleven to qualified investors. Located in the Charleston suburb of Summerville, the store sits in the master planned community of Nexton, recently named “Best Mix-Use Development in the United States”. Nexton Parkway connects Interstate 26 to Highway 176, which empties into Cane Bay, the #4 top-selling master planned community in the country. The site is adjacent to Nexton Elementary School and a recently opened Harris Teeter shopping center, and across from a soon to be opened Publix center. Summerville is the epicenter of growth in the Charleston MSA, where the natural barriers of the Atlantic Ocean, the Francis Marion National Forest, and The Ace Basin force development west. Locally, Volvo recently launched production in their $1.2B facility on the EX90 SUV model, and Redwood Materials selected Camp Hall in Summerville as home for their $3.5B battery manufacturing plant. South Carolina has seen population growth of 31% in the last two decades and has annual sustained growth a 1.42%.

7-Eleven Package Nexton Scholar Way - Summerville, SC

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Convenience Store

Building Size

4,650 SF

Year Built

2025

Construction Status

Under Construction

Price

$8,814,380

Price Per SF

$1,896

Cap Rate

5.20%

NOI

$458,348

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

1.54 AC

Zoning

PD-MU - PD-MU

Frontage

554 FT on Nexton Pkwy

MAJOR TENANTS

Retailer
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In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.