Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE
» 7-Eleven, Inc. is an investment grade tenant with a “AA-” rating from Standard & Poor’s
» 5% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» New 15-year absolute NNN lease with four (4) five (5) year options
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide

IRREPLACEABLE LOCATION IN NEW 65-ACRE MIXED-USE DEVELOPMENT
» Irreplaceable location at the signalized four-way intersection of Wrenn Farm Drive and Greensboro Road (16,000 AADT)
» Located in Wrenn Farm Village, a brand new 65-acre mixed-use development, which will feature 103 single-family lots, 87 townhome lots, and 10 acres of retail development
» Property is the first 7-Eleven location in High Point and third in the Piedmont Triad
» Convenient access to Interstate 74, a major northwest-southeast U.S. thoroughfare that experiences a high traffic count of 47,000 vehicles per day

LOCATED IN A POPULATED AND GROWING CORRIDOR
» Beneficial proximity to major High Point employers, including High Point Regional Hospital (351 beds, 2,600 employees) and Ralph Lauren Corp. (2,042 employees)
» Three miles from High Point University (4,951 students, 1,105 employees), significantly increasing traffic to the location
» Surrounded by multiple recreational attractions drawing significant tourism including High Point Lake, the World’s Largest Chest of Drawers, and Wet ’n Wild Emerald Pointe Water Park (400,000+ annual visitors)

NEW 2020 CONSTRUCTION AND DRIVE-THRU CAR WASH
» Features eight fuel pumps, a freestanding C-Store, and a drive-thru car wash

Property Description

SOLD

The property has an irreplaceable location at the signalized four-way intersection of Wrenn Farm Drive and Greensboro Road, which experiences a significant traffic count of 16,000 vehicles per day. The location is strategically placed within Wrenn Farm Village, a new 65-acre mixed-use center zoned for both residential and retail development. Wrenn Farm Village will feature 103 single-family lots, 87 townhome lots, and 10 acres of retail development. The site is the first 7-Eleven location in High Point and third in the Piedmont Triad. The location also maintains convenient access to Interstate 74, a major northwest-southeast U.S. thoroughfare that experiences a high-traffic count of 47,000 vehicles per day.

Visibility to the property is increased by the site’s centralized location in a densely populated and growing retail corridor. 124,027 residents live within a five-mile radius of the location, establishing a large regular customer base for the site. The property maintains a beneficial proximity to major High Point employers including High Point Regional Hospital (351 beds, 2,600 employees) and Ralph Lauren Corp. (2,042 employees). The site is also three miles from High Point University (4,951 students, 1,105 employees), significantly increasing traffic to the location. The location is surrounded by multiple recreational attractions that draw significant local tourism including High Point Lake, the World’s Largest Chest of Drawers, and Wet ’n Wild Emerald Pointe Water Park (400,000+ annual visitors). The property is primed to grow along with the surrounding area, with a projected 15 percent average annual household income increase within five miles of Wrenn Farm Village in the next five years.