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7-Eleven 158 N M L King Jr Blvd 4,824 SF Retail Building Monroe, NC 28110 $12,178,006 CAD ($2,524.46 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- INVESTMENT GRADE TENANT
- ATTRACIVE LEASE FUNDAMENTALS
- GROCERY OUTPARCEL & NEW IMMEDIATE DEVELOPMENT
EXECUTIVE SUMMARY
ATTRACIVE LEASE FUNDAMENTALS
- 15 Year Lease with 10% bumps every 5 years and in extension periods
- NNN lease providing zero landlord responsibilities
- Land & Building Lease provide bonus depreciation opportunity
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 83,000 locations across the world
POSITIONED NEAR MARKET DRIVERS
- Site is located just south of Union Academy Charter School
- This school has over 2,200 kids in grades PK-12th
- The school employs more than 200 employees and provides a built in customer base for the C-store
GROCERY OUTPARCEL & NEW IMMEDIATE DEVELOPMENT
- Sitting next door is the recently constructed Food Lion (98th percentile in visits nationally) which delivered in 2020
- Behind the site is the new Cedar Meadows Housing Development
- This development is over 80 acres with 206 single family detached lots that started construction in 2022
RECENT CONSTRUCTION AT SIGNALIZED INTERSECTION
- Recently constructed building with warranties in place for the roof and mechanical systems
- Positioned at the hard corner of Weddington Rd (7.2K VPD) and N. MLK Blvd (15K VPD) providing the site easy access and strong viability
CHARLOTTE, NC TAILWINDS
- This 7-Eleven is located south of Charlotte, NC and just east of Rock Hill and Fort Mill, SC
- Charlotte, NC ranked #5 in fastest growing Metros
- This property will be a direct beneficiary of the rapid expansion that Charlotte and the surrounding areas continue to experience
- 15 Year Lease with 10% bumps every 5 years and in extension periods
- NNN lease providing zero landlord responsibilities
- Land & Building Lease provide bonus depreciation opportunity
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 83,000 locations across the world
POSITIONED NEAR MARKET DRIVERS
- Site is located just south of Union Academy Charter School
- This school has over 2,200 kids in grades PK-12th
- The school employs more than 200 employees and provides a built in customer base for the C-store
GROCERY OUTPARCEL & NEW IMMEDIATE DEVELOPMENT
- Sitting next door is the recently constructed Food Lion (98th percentile in visits nationally) which delivered in 2020
- Behind the site is the new Cedar Meadows Housing Development
- This development is over 80 acres with 206 single family detached lots that started construction in 2022
RECENT CONSTRUCTION AT SIGNALIZED INTERSECTION
- Recently constructed building with warranties in place for the roof and mechanical systems
- Positioned at the hard corner of Weddington Rd (7.2K VPD) and N. MLK Blvd (15K VPD) providing the site easy access and strong viability
CHARLOTTE, NC TAILWINDS
- This 7-Eleven is located south of Charlotte, NC and just east of Rock Hill and Fort Mill, SC
- Charlotte, NC ranked #5 in fastest growing Metros
- This property will be a direct beneficiary of the rapid expansion that Charlotte and the surrounding areas continue to experience
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,824 SF
Year Built
2025
Price
$12,178,006 CAD
Price Per SF
$2,524.46 CAD
Cap Rate
5.25%
NOI
$639,331 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.97 AC
AMENITIES
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 7-Eleven
- Retailer
- 4,824 SF
- -
- Triple Net
- Nov 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 7-Eleven | Retailer | 4,824 SF | - | Triple Net | Nov 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-316-005-F | Improvements Assessment | $0 CAD |
| Land Assessment | $1,581,162 CAD | Total Assessment | $1,581,162 CAD |
PROPERTY TAXES
Parcel Number
09-316-005-F
Land Assessment
$1,581,162 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,581,162 CAD
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7-Eleven | 158 N M L King Jr Blvd
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