CLOSED DEAL – 7 Eleven – South Carolina

Howard Levy ,Managing Director, and Ben Halpern, Associate,  of Bennett Realty and Development  close on a 7-Eleven in Blythewood, South Carolina .

Price :                        $7,670,000
Cap rate:                     5.65%
Term:                            15 Years Absolute NNN
Rent Increases:       7.5% Every 5 years including options

Howard Levy and Ben Halpern of Bennett Realty and Development are pleased to announce the closing of 7- Eleven in Blythewood, South Carolina.  7-Eleven is located right off of heavily traveled Interstate 77  and is in the MSA of Columbia. The property is 15 miles from the State Capitol and the University of South Carolina. Our purchaser was attracted to the location, the Eds and Meds of Columbia, city, county and state government employment along with the manufacturing economy of  the Columbia MSA. Like a good number of real estate transactions, some significant challenges needed to be addressed in the due diligence process ; however, our team of over 40 years experience in real estate was able to overcome these arduous issues and get this deal to closing.

Our client is looking to purchase credit quality convenience stores in the Southeast and Southwest with the parameters outlined above.

Please reach out to Howard or Ben for additional details.

Howard M. Levy | Managing Director
p: 732.837.3659 | c: 215.510.0465 | howard@bennettrealtyllc.com

Benjamin Halpern | Associate
p: 732.837.4999 | c: 215.764.7168 | ben@bennettrealtyllc.com

About BR&D
Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.