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3750 E Independence Blvd
Charlotte, NC 28205
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7-Eleven Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
- Attractive Rent Growth | 10% Every 5 Years
- Highway Location | Subject Property Fronts E Independence Fwy with 111,200+ VPD
- Absolute NNN Lease | Zero Landlord Responsibilities
- Fee Simple Ownership | Allows for Depreciation
- 2020 Construction | High Traffic Counts | 111,200 VPD
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this Absolute NNN Fee Simple 7-Eleven, located at 3750 East Independence Boulevard in Charlotte, North Carolina. The property features a 3,010-square-foot freestanding building with a canopy offering six gas pumps and twelve nozzles, situated on a large 1.2- acre parcel.
Strategically positioned along East Independence Freeway, the property benefits from exceptional highway visibility and exposure to more than 111,200 vehicles per day. Shadow-anchored by Walmart, the site enjoys strong daily traffic and excellent retail synergy. The immediate trade area features a dynamic mix of national and regional retailers, including Walmart, Take5 Car Wash, Bojangles, Starbucks, Mavis Tires, TD Bank, Wells Fargo, Popeye’s, and many others, reinforcing the property’s prime retail positioning.
The surrounding area is densely populated, with more than 306,000 residents within a five-mile radius and an average household income exceeding $111,000. The property is conveniently located just six miles from Downtown Charlotte, one of the fastest-growing cities in the United States. Additionally, it is in close proximity to Novant Health Forsyth Medical Center —the fourth-largest hospital in North Carolina with 921 beds—further driving strong daytime traffic to the area.
7-Eleven executed a 15-year absolute NNN lease that runs through February 28, 2035, featuring 10 percent rental increases every five years and zero landlord responsibilities. The lease is corporately guaranteed by 7-Eleven, Inc., which operates more than 68,000 locations worldwide and maintains an S&P credit rating of AA-. According to Placer.ai analytics, the subject property ranks in the top 10 percent of all 7-Eleven locations nationwide for consumer traffic.
This offering provides investors with a rare opportunity to acquire a high performing, newly constructed, corporately guaranteed 7-Eleven with strong rent growth, situated in a thriving and highly desirable Charlotte submarket.
Strategically positioned along East Independence Freeway, the property benefits from exceptional highway visibility and exposure to more than 111,200 vehicles per day. Shadow-anchored by Walmart, the site enjoys strong daily traffic and excellent retail synergy. The immediate trade area features a dynamic mix of national and regional retailers, including Walmart, Take5 Car Wash, Bojangles, Starbucks, Mavis Tires, TD Bank, Wells Fargo, Popeye’s, and many others, reinforcing the property’s prime retail positioning.
The surrounding area is densely populated, with more than 306,000 residents within a five-mile radius and an average household income exceeding $111,000. The property is conveniently located just six miles from Downtown Charlotte, one of the fastest-growing cities in the United States. Additionally, it is in close proximity to Novant Health Forsyth Medical Center —the fourth-largest hospital in North Carolina with 921 beds—further driving strong daytime traffic to the area.
7-Eleven executed a 15-year absolute NNN lease that runs through February 28, 2035, featuring 10 percent rental increases every five years and zero landlord responsibilities. The lease is corporately guaranteed by 7-Eleven, Inc., which operates more than 68,000 locations worldwide and maintains an S&P credit rating of AA-. According to Placer.ai analytics, the subject property ranks in the top 10 percent of all 7-Eleven locations nationwide for consumer traffic.
This offering provides investors with a rare opportunity to acquire a high performing, newly constructed, corporately guaranteed 7-Eleven with strong rent growth, situated in a thriving and highly desirable Charlotte submarket.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,010 SF
Building Class
B
Year Built
2018
Price
$7,293,988 CAD
Price Per SF
$2,423.25 CAD
Cap Rate
5.28%
NOI
$385,133 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.20 AC
Zoning
B2
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200’ on E Independence Blvd
PROPERTY TAXES
| Parcel Number | 161-012-74 | Improvements Assessment | $1,466,654 CAD |
| Land Assessment | $2,435,065 CAD | Total Assessment | $3,901,719 CAD |
PROPERTY TAXES
Parcel Number
161-012-74
Land Assessment
$2,435,065 CAD
Improvements Assessment
$1,466,654 CAD
Total Assessment
$3,901,719 CAD
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