7-Eleven for Sale in Kitty Hawk, NC
Kitty Hawk, NC
Key Investment Metrics
Price
$6,793,000
Cap Rate
5.1%
Net Operating Income
$346,436
Building Size
4640 SF
Land Area
1.14 Acres
Remaining Term
9.5 years
Lease Expiration
01/01/2036
Lease Term
15 years
Lease Commencement
01/01/2021
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years, In Primary & Options
Property overview
7-Eleven in Kitty Hawk
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,640 SF
- Land area
- 1.14 acres
- Year built
- 2020
- Lease type
- Absolute NNN
- Lease expiration
- 01/01/2036
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.