Investment Highlights

NEW 15-YEAR NNN LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG RETAIL TENANT
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» 7-Eleven, Inc. is an investment grade tenant with a “AA-” rating from Standard & Poor’s
» New 15-year NNN lease with four (4) five (5) year options, creating a stable, long-term investment
» 5% rental increases every five years, providing a hedge against inflation

NEW 2021 CONSTRUCTION WITH COMMERCIAL TRUCKING FUEL AND PARKING COMPONENT
» Well designed site plan to accommodate both pedestrian vehicles and commercial trucks
» Features latest 7-Eleven convenience store and fuel pumps, eight gas and five high-speed diesel (high-speed diesel will include Trendar/Comdata Fleet Payment system)
» Commercial truck fuel component is estimated to increase fuel volumes by more than 50% (typical truck fill-up is approximately 150 gallons)
» New 2021 construction on a large parcel (2.98 acres)

INFILL LOCATION IN DENSELY POPULATED AND GROWING RETAIL CORRIDOR
» High-visibility location along U.S. Route 70/Salisbury Highway (62,000 AADT)
» Beneficial proximity to highly trafficked North Carolina thoroughfares, including Interstate 77 (65,000 AADT)
» Three miles from Mitchell Community College (3,500 students), significantly increasing regular traffic to the location
» Convenient access to multiple hotels, including Ramada by Wyndham, Best Western Statesville, and Hilton Garden Inn (combined 307 rooms)
» Population of 44,679 within five miles of the property, establishing a large regular customer base for the site
» Five minutes from Crossroads Shopping Center, which features 35 stores and 335,000 SF of retail space, including Walmart Supercenter, Big Lots, Tractor Supply Company, Cracker Barrel, and more
» Site serves as a common gateway to Charlotte, the most populous city in North Carolina (population 885,708)
» Projected 11 percent average annual household income increase within a one-mile radius of the site in the next five years

Property Description

SOLD
The property has a high-visibility location along U.S. Route 70/Salisbury Highway (62,000 AADT). The location also maintains a beneficial proximity to highly trafficked North Carolina thoroughfares, including Interstate 77 (65,000 AADT). The site is strategically placed three miles from Mitchell Community College (3,500 students), significantly increasing regular traffic to the location. The site also has convenient access to multiple surrounding hotels, including Ramada by Wyndham, Best Western, and Hilton Garden Inn (combined 307 rooms).

Visibility to the property is increased by the site’s centralized location in a densely populated and growing retail corridor. 44,679 residents live within a five-mile radius of the location, establishing a large regular customer base for the site. The location is five minutes from Crossroads Shopping Center, which features 35 stores and 335,000 SF of retail space, including Walmart Supercenter, Big Lots, Tractor Supply Company, Cracker Barrel, and more. The site serves as a common gateway to Charlotte, the most populous city in North Carolina (population 885,708), and the property is primed to grow along with the surrounding area, with a projected 11 percent average annual household income increase within a one-mile radius of the site in the next five years.