7-Eleven - Lake Wylie, SC

Actual Building Render

7-ELEVEN

5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

JAMES CAPITAL ADVISORS, INC.

7-ELEVEN

MARKETING PACKAGE TABLE OF CONTENTS 03 Investment Summary 04 Aerials 06 Lease Summary 07 Rent Schedule 08 Building Render 09 Site Plan 10

About the Brand

11

Location Overview

CONTACT INFORMATION

richard brehaut

Director (424) 325-2608 richard@jamescapitaladvisors.com

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

@jamescapitaladvisors

7-ELEVEN

INVESTMENT SUMMARY Tenant Street Address City State Zip GLA

7-Eleven 5990 Charlotte Hwy Lake Wylie (Charlotte MSA) SC 29710 3,010 SF

Lot Size

1.11 AC

Year Built

2020

$

$5,405,000 LIST PRICE

% 4.93% CAP RATE $

$266,500* NET OPERATING INCOME

*Final rent to be reconciled. Final NOI may differ slightly. Contact agent. for details.

Ideal Location for 7-Eleven - 7-Eleven chose this intersection because Lake Wylie Rd is the only road with access to the lakeside communities on the Lake Wylie Peninsula. See Aerials on Page 4 & 5 for details.

Brand New 2020 Construction - The subject property is currently under development and is expected to open for business in September 2020.

15-Year Absolute Net (NNN) Lease - 7-Eleven signed a 15-year Absolute Net lease with the tenant fully responsible for maintenance, insurance and taxes providing the owner with zero landlord responsibilities.

Accelerated Depreciation/Bonus Depreciation - While the majority of 7-Eleven’s are subject to ground leases, the subject property benefits from a rare fee simple lease allowing for accelerated depreciation/bonus depreciation.

Affluent Demographics in Rapidly Growing Suburb of Charlotte - The average household income within a onemile radius of the subject property has surpassed $117,000. Since 2000, Lake Wylie has tripled in population on the strength of its good schools, low taxes, & proximity to Charlotte’s jobs in the financial & technology sectors.

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

7-ELEVEN

AERIAL - North

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

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AERIAL - SOUTH

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

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LEASE SUMMARY Lease Type

Real Estate Taxes

Tenant Responsible

Insurance

Tenant Responsible

15 Years

Roof & Structure

Tenant Responsible

Commencement Date

9/11/2020

Lease Guarantor

Corporate

Lease Expiration

9/11/2035

Company Name

7-Eleven, Inc

Term Remaining

15 Years

Type of Ownership Original Lease Term

Increases Options

Absolute Net (NNN) Fee Simple

7.5% Every 5 Years Four (4), 5-Year

Ownership Years in Business Number of Locations

Public 93 70,000+

Investment Grade Credit from the Global C Store Leader - The lease is corporately guaranteed by 7-Eleven Inc. with an S&P Credit Rating of AA- and over $99.7 billion in revenue in 2019. 7-Eleven is the premier brand and leader in the convenience store/gas station industry with over 70,000 locations in 18 countries.

Essential Business - 7-Eleven has been designated an “essential business� by the Department of Homeland Security and its locations have remained open and operating during the COVID-19 pandemic. 7-Eleven plans on hiring 20,000 new store employees to meet the increased demand for 7-Eleven products and services.

Attractive Rental Increases to Hedge Against Inflation - The lease features 7.5% increases every 5 years, including options, giving the landlord compounding rent growth throughout the base term and option periods.

Strategic Signalized Hard Corner Location - The subject property is strategically located at the intersection of with combined daily traffic counts exceeding 38,000 vehicles per day.

Charlotte MSA - The Charlotte metropolitan area is the largest metropolitan area in the Carolinas, and the fifth largest in the Southeastern United States. Charlotte is the 2nd largest city in the Southeast.

Representative Photo

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

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RENT SCHEDULE Period

Term

Annual Rent

Monthly Rent

Increase

CAP Rate

9/11/2020 - 9/11/2025

Base Term

$266,500.00

$22,208.33

-

4.93%

9/11/2025 - 9/11/2030

Base Term

$286,487.50

$23,873.96

7.50%

5.30%

9/11/2030 - 9/11/2035

Base Term

$307,974.06

$25,664.51

7.50%

5.70%

9/11/2035 - 9/11/2040

1st Option

$331,072.12

$27,589.34

7.50%

6.13%

9/11/2040 - 9/11/2045

2nd Option

$355,902.53

$29,658.54

7.50%

6.58%

9/11/2045 - 9/11/2050

3rd Option

$382,595.22

$31,882.93

7.50%

7.08%

9/11/2050 - 9/11/2055

4th Option

$411,289.86

$34,274.15

7.50%

7.61%

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

7-ELEVEN

BUILDING RENDER

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

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SITE PLAN

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

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ABOUT THE BRAND 7-Eleven 7-Eleven is a Japanese-owned American international chain of convenience stores, headquartered in Irving, Texas, that operates, franchises, and licenses some 70,000+ stores in 17 countries as of January, 2020.

7-Eleven is a brand that’s recognized worldwide. They have made a reputable name for themselves in the franchise business and are consistently ranked as a top-five franchisor. 7-Eleven stores are extended-hour retail convenience stores that emphasize convenience to the guest and provide a broad array of products, including many not traditionally available in convenience stores, to meet the changing needs of guests.

These products include an assortment of high-quality fresh food, hot food and proprietary beverage offerings, and private brand items. 7-Eleven stores are generally open every day of the year, with the vast majority open 24 hours a day, and are located in neighborhood areas, on main thoroughfares, in shopping centers, or on other sites where they are easily accessible and have parking facilities for quick in-and-out shopping.

Seven & I Holdings Co. Seven & I Holdings Co., Ltd is a Japanese diversified retail group headquartered in Nibancho, Chiyoda, Tokyo, Japan. Seven & I Holdings Co. was established on September 1, 2005 as the parent company of the 7-Eleven Japan chain of convenience stores. Seven & I Holdings covers a globally unrivaled, diverse range of business categories, including convenience stores, superstores, department stores, specialty stores, and financial services and have a global network of stores with approximately 64 million customer visiting their stores a day.

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#

70,000+

$

99.7 Billion

AA-

NUMBER OF LOCATIONS

2019 REVENUE

S&P Credit Rating

#

278

FORBES RANKING

5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

7-ELEVEN

LOCATION OVERVIEW Lake Wylie, SC Lake Wylie is located in York County, South Carolina on a peninsula along the shore of Lake Wylie, a beautiful man-made lake bordering both North Carolina and South Carolina. Lake Wylie offers peaceful living and breathtaking views in somewhat of a rural setting. Since 2000, Lake Wylie has tripled in population to 12,000 on the strength of its good schools, low taxes and proximity to Charlotte’s jobs in the financial & technology sectors.

Over the years, the city of Charlotte gradually sprawled into South Carolina, with houses sprouting up on both sides of Lake Wylie, which straddles the state line. The banking-based Charlotte economy stalled after the downturn but has since boomed, adding 50,000 jobs in the past five years. This brought thousands of employees with them to communities like Lake Wylie, where the median household income is $87,750, about 70% higher than the state average of $51,015. The growth in Lake Wylier has been so tremendous the town actually passed a 16-month moratorium on commercial and residential rezoning requests earlier this year, furthering the claim that Lake Wylie is the place to be for business and pleasure.

Charlotte, NC Charlotte is one of the 25 largest cities in the U.S. and the largest city in North Carolina. Nicknamed the Queen City, Charlotte consistently ranks as one of the top growing cities and is the home to more than 10 Fortune 1000 companies, including household names such as Bank of America, Lowe’s and Wachovia Corp. Charlotte is also home to the Carolina Panthers of the NFL, the Charlotte Hornets of the NBA & the NASCAR Hall of Fame providing extensive entertainment and amenities.

On its surface, Charlotte might look like a prosperous, sprawling financial hub but spend a little time exploring its streets and byways, and you’ll discover some excellent, eclectic museums, beautiful colonial architecture and a dynamic culinary scene with top-notch eateries. Nearly 800,000 live and work in the Charlotte community and the City provides services to much of this population. From the diversity of their residents to their colorful history represented in every corner, Charlotte is a melting pot with heaping spoonfuls of natural beauty and metropolitan splendor.

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

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LOCATION OVERvIEW 1.

Lake Wylie Lake Wylie, South Carolina 29710 4 MILES FROM SUBJECT PROPERTY

2. Bank of America Stadium 800 S. Mint St, Charlotte, NC 28202 24 MILES FROM SUBJECT PROPERTY

3. Charlotte Douglas International Airport 5501 Josh Birmingham Pkwy, Charlotte, NC 28208 20 MILES FROM SUBJECT PROPERTY

4. Carowinds 300 Carowinds Blvd, Charlotte, NC 28273 13.7 MILES FROM SUBJECT PROPERTY

5. Daniel Stowe Botanical Garden 6500 S. New Hope Rd, Belmont, NC 28012 10 MILES FROM SUBJECT PROPERTY

6. NASCAR Hall of Fame 400 E. M.L.K. Jr Blvd, Charlotte, NC 28202 25 MILES FROM SUBJECT PROPERTY

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

7-ELEVEN

LOCATION OVERvIEW

01 LAKE WYLIE

This is a 13,400 acres man-made Lake with over 325 Miles of shoreline.

02 BANK OF AMERICA STADIUM

The stadium is a 75,523-seat football stadium located on 33 acres.

04 CAROWINDS

The Park sits on 407 acres & has more than 14 attractions.

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03 CHARLOTTE DOUGLAS INTERNATIONAL AIRPORT

AS OF 2019, IT HAS BECOME THE 11TH BUSIEST AIRPORT IN THE UNITED STATES.

05 DANIEL STOWE BOTANICAL GARDEN

This garden has 380 acres of rolling meadows, woodlands & more.

06 NASCAR HALL OF FAME

This museum honors the all-time great crews of NaScar Driving.

5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

7-ELEVEN

DEMOGRAPHICS POPULATION

1-Mile

3-Mile

5-Mile

2025 Projection

4,469

20,132

40,754

2020 Estimate

3,857

17,593

35,908

2010 Census

2,355

12,313

25,789

Growth ‘20 - ‘25

15.87%

14.43%

13.50%

Growth ‘10 - ‘20

63.78%

42.88%

39.24%

1-Mile

3-Mile

5-Mile

2025 Projection

1,590

7,794

15,656

2020 Estimate

1,370

6,809

13,788

828

4,779

9,913

Growth ‘20 - ‘25

16.06%

14.47%

13.55%

Growth ‘10 - ‘20

65.46%

42.48%

39.09%

Average Income

$108,401

$103,689

$109,037

Median Income

$85,475

$78,198

$81,658

HOUSEHOLDS

2010 Census

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5990 CHARLOTTE HWY, LAKE WYLIE (CHARLOTTE MSA), SC 29710

7-ELEVEN

DISCLAIMER The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property.

Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

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www.jamescapitaladvisors.com

@jamescapitaladvisors

7-ELEVEN

CONTACT INFORMATION LISTING AGENT

RICHARD BREHAUT

Director (424) 325-2608 richard@jamescapitaladvisors.com CA RE Lic. 01934760 BROKER OF RECORD

Brian Brockman

Bang Realty - South Carolina Inc (513) 898-1551 brian@bangrealty.com SC RE Lic #: 108250 CORP. Lic #: 22994

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www.jamescapitaladvisors.com

@jamescapitaladvisors