• 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 HIGHLIGHTS
- 15-Year Lease | 2023 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Signalized, Hard Corner Intersection | Proximity To Princeton | Off I-295 | DIrect Residential Consumer Base | Surrounding Retailers
- Absolute NNN Lease | Accelerated Depreciation | Zero Landlord Responsibilities
- Dense Demographics 5-Mile Trade Area | 4.5 Miles NE of Downtown |Robert Wood Johnson University Hospital