7-Eleven - Net Lease Property for Sale
Kill Devil Hills, NC
Key Investment Metrics
Price
$3,500,000
Cap Rate
5.0%
Net Operating Income
$175,000
Building Size
2220 SF
Lot Size
2,220 SF
Land Area
0.42 Acres
Remaining Term
15 years
Lease Expiration
06/30/2041
Lease Term
15 years
Lease Commencement
07/01/2026
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1977
Tenancy
Single
Rent Increases
10% every 5 years
About This 7-Eleven Net Lease Property
This 7-Eleven NNN (triple net lease) property is located in Kill Devil Hills, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 2220 square feet of building space and was built in 1977.
With a cap rate of 5.0%, this 7-Eleven net lease property offers stable income potential. The asking price is $3,500,000, making it an attractive option for 1031 exchange investors seeking quality 7-Eleven commercial properties.
Why Invest in 7-Eleven NNN Properties?
- Stable Income: 7-Eleven net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: 7-Eleven is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Kill Devil Hills, NC Market Overview
Located in Kill Devil Hills, NC, this 7-Eleven property benefits from strong local demographics and market fundamentals. The Kill Devil Hills area offers excellent visibility and accessibility, making it an ideal location for 7-Eleven operations and a solid investment for net lease property buyers.