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808 Gossett Rd., Spartanburg, SC, 29307

7-Eleven

$10,685,715

Key Information

Cap Rate
5.25%
Lot Size
4.9 Acres
Year Built
2025
Term Remaining
±19.4 YRS
Type
Retail
NOI
$561,000
Leasable Area
4,824

Highlights

• Strategic gas/c-store location directly off I-85 (±68,100 VPD)
• Ample fuel offering with 8 MPDs for 2-axel vehicles and a separate 4-lane diesel canopy
• Large parcel size of ±4.9 acres
• Multiple points of ingress/egress
• Rare 18-year base term
• Four (4), 5-year renewal options
• Corporately guaranteed by 7-Eleven, Inc.
• Investment Grade Credit- S&P “A” rating
• Inflation hedge with 10% rent escalations every 6 throughout the base term and each option
• Triple net (NNN) with no landlord responsibilities
• Tax advantages with accelerated & bonus depreciation due to fee simple ownership
• Largest convenience retailer in the US with 12,600+ stores
• 85,000+ stores worldwide with locations across North America, Europe, Australia & Asia
• 98+ year operating history
• Market cap: $32.15 B
• Revenue in 2024: $338 B
• Parent Company, Seven & i Holdings Co., Ltd., actively investing to double U.S. store count

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 105710, 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203