Overview
- Updated On:
- March 11, 2025
Description
IDEAL PASSIVE INVESTMENT
•Long-Term, Absolute NNN Lease Signed by 7-Eleven, Inc. (dba Speedway) | Zero Landlord Responsibilities
•Located in a No-Income Tax State | Potential to Qualify for Accelerated Depreciation & Other Benefits
•15-Year Base Term with Four, 5-Year Options | Estimated to Commence April 2025
•Attractive Escalations | Rare 10% Rental Increases Every 5 Years During the Base Term & at Each Option
•Brand-New 2025 Build with High-Quality Construction
HARD CORNER LOT JUST OFF HWY 153
•Ideally Positioned on a Hard Corner Lot at the Signalized Intersection of Bonny Oaks Dr & Jersey Pike
•Excellent Exposure | Combined Average Daily Traffic Count of 30,400+ VPD | Just Off of Highway 153 (181,300+ VPD)
•Heavy Industrial Presence in the Immediate Surrounding Area | Manufacturers & Distributors Include UPS, FedEx, Ashley Furniture, Novolex, Amongst Others
•In Close Proximity to the Volkswagen Plant, Chattanooga International Airport, & Downtown Chattanooga, & More
•Strong Demographics | Population Over 92,000+ within a 5-Mile Radius of the Property
HIGH-QUALITY, CREDIT RATED TENANT
• Strong, Corporate Tenant | 7-Eleven is the World’s Largest Convenience Retailer | 13,000+ Locations in North America & 85,000+ Locations Worldwide
•Over 3,800+ Speedway Stores Acquired by 7-Eleven in 2021 for $21 Billion
•Tenant’s Parent Company has Investment Grade Credit Ratings (S&P: A) | 7-Eleven has Never Defaulted on a Lease
•Both Franchise & Corporate 7-Eleven Sales were Reported at Nearly $121 Billion in 2023
•Parent Company Ranked #129 on the Fortune Global 500 List
*** Picture Features Representative Photo – Contact Broker for more info
BOR: Jody McKibben
Lic: TN: 307629






