7-Eleven

2603 E Cherokee St, Blacksburg, SC 29702

Property Information

  • For Sale $8,290,000
  • Property Type Retail - Freestanding
  • Property Size 4,743 SF
  • Lot Size 16.04 Acre
  • Year Built 1995
  • Date Updated Oct 5, 2026

Description

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Highlights

  • 10+ YEARS OF CORPORATE-GUARANTEED INCOME: The lease runs through March 31, 2037 and carries a corporate guarantee from 7-Eleven, Inc., an investment-grade (S&P:“A-”) tenant with substantial national scale
  • ABSOLUTE NET LEASE: 7-Eleven is responsible for taxes, insurance, maintenance, roof and structure. The lease provides passive ownership with no ongoing landlord responsibilities
  • CONTRACTUAL 10% RENT GROWTH: Rent increases 10% every five years during the remaining term and throughout four five-year renewal options, creating recurring income growth and inflation protection
  • I-85 EXIT 106 LOCATION: Direct positioning at US-29 and I-85 (Over 60,000+ VPD) places the property on the primary corridor linking Upstate South Carolina with the Charlotte region. The interchange captures local, commuter and freight traffic
  • POTENTIAL 100% BONUS DEPRECIATION: A fee-simple purchase may qualify eligible 15-year and shorter-lived components for 100% first-year bonus depreciation. Land is excluded. Purchasers should confirm allocation and eligibility with their tax advisors
  • PURPOSE-BUILT TRUCK-STOP FORMAT: 16.04-acre property combines a 4,743-square-foot 7-Eleven, passenger fueling, dedicated commercial-truck facilities and Raise the Roost food service. The large-format site supports multiple revenue channels

Contacts

Location

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