- 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease is signed by 7-Eleven, Inc., an investment grade (S&P: A), a globally recognized and established convenience store/gas operator (13,000+ U.S. sites)
- The lease features 8% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
- 2023 construction will feature high-quality materials, high-level finishes, and distinct 7-Eleven design elements
Investment Offering
Hamilton, NJ - 7-Eleven
1850 Klockner Rd | Hamilton, NJ 08619
Description
Location
- 7-Eleven is strategically located at the signalized, hard corner intersection of Klockner Road and White Horse Avenue averaging 37,000 VPD
- Within a 15-minute drive from Princeton University, a consistently ranked top 5 school in the nation
- 1 mile off I-295 (73,500 VPD), providing users with direct on/off ramp access to the site and surrounding trade area
- The surrounding residential developments will provide a direct consumer base from which to draw
- The nearby trade area is supported by national/credit retailers such as ALDI, ACME, ShopRite, Petco, and more
- The subject property has 6 bumps and 12 fueling stations
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739