7-Eleven (Speedway) | 4862 Bonny Oaks Dr
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7-Eleven (Speedway) 4862 Bonny Oaks Dr
4,650 SF Retail Building Chattanooga, TN 37416 £8,403,728 (£1,807/SF) 4.75% Net Initial Yield
Investment Highlights
- Absolute NNN Lease Signed by 7-Eleven, Inc. (dba Speedway) | Strong Corporate Tenant with Investment Grade Credit Ratings (S&P: A)
- New 2025 Build | 15-Year Base Term with Rare 10% Rental Increases Every 5 Years During the Base Term & at Each Option
- 7-Eleven is the World’s Largest Convenience Retailer | 13,000+ Locations in North America & 85,000+ Locations Worldwide
- Strong Corporate Tenant with Investment Grade Credit Ratings (S&P: A)
- No Income Tax State | Hard Corner Lot at Signalized Intersection
- Over 3,800+ Speedway Stores Acquired by 7-Eleven in 2021 for $21 Billion
Executive Summary
The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in a brand-new 7-Eleven (dba Speedway) in Chattanooga, Tennessee. Positioned at a high-visibility signalized intersection with over 30,400 vehicles per day, the 2025 build sits on a prime hard-corner lot and features high-quality construction. The property is leased by corporate 7-Eleven, Inc. on a 15-year absolute NNN lease with rare 10% rental increases every five years during the base term and the three, five-year option periods.
Located in a no-income-tax state, the property provides potential tax advantages, including accelerated depreciation. The surrounding area features a strong industrial presence, with major manufacturers and distributors such as UPS, FedEx, and Ashley Furniture nearby. Additionally, the asset benefits from proximity to the University of Tennessee Chattanooga, the Volkswagen plant, and downtown Chattanooga.
7-Eleven, Inc., the tenant, is the world’s largest convenience retailer and a recognized leader in the industry. The company operates over 13,000 locations in North America and 85,000 worldwide, serving more than 11 million customers daily. 7-Eleven has a strong financial foundation, with a parent company holding investment-grade credit ratings (S&P: A). In 2023, the company reported nearly $121 billion in sales and ranked #129 on the Fortune Global 500 list.
Located in a no-income-tax state, the property provides potential tax advantages, including accelerated depreciation. The surrounding area features a strong industrial presence, with major manufacturers and distributors such as UPS, FedEx, and Ashley Furniture nearby. Additionally, the asset benefits from proximity to the University of Tennessee Chattanooga, the Volkswagen plant, and downtown Chattanooga.
7-Eleven, Inc., the tenant, is the world’s largest convenience retailer and a recognized leader in the industry. The company operates over 13,000 locations in North America and 85,000 worldwide, serving more than 11 million customers daily. 7-Eleven has a strong financial foundation, with a parent company holding investment-grade credit ratings (S&P: A). In 2023, the company reported nearly $121 billion in sales and ranked #129 on the Fortune Global 500 list.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,650 SF
Building Class
C
Year Built
2025
Price
£8,403,728
Price Per SF
£1,807
Net Initial Yield
4.75%
NOI
£399,177
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
2.15 AC
Zoning
Commercial - Commercial
Nearby Major Retailers
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7-Eleven (Speedway) | 4862 Bonny Oaks Dr
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