John Thomas closed on the Select Exclusive offering of the 7-Eleven, new 15 year NNN leased offering in Fort Salonga, NY. The property was nationally marketed and  sold for a 4.375% cap at a price of  $5,486,000.

Investment Highlights:

• Newly constructed (2022) and rare Long Island 7-Eleven offering in high barrier-to-entry Suffolk County market
• NNN lease offering 15 years of primary term and 3 five-year options
• 10% rental increases every five years throughout primary term as well as through the option periods
• Single tenant NNN lease with no Landlord responsibilities
• Corporate Guarantee – 7-Eleven, Inc.
• Standard & Poor's Investment Grade Credit Rating of A
• Well positioned with vehicular access to two thoroughfares;