7-Eleven NNN Properties for Sale
Investment-grade convenience retail. 7-Eleven absolute NNN properties combine recession-resistant essential services with long-term corporate-guaranteed leases — an ideal passive income investment.
4.5%–5.75%
Cap Rate Range
$2.5M–$5.5M
Typical Price
15–20 years
Lease Term
13,000+
US Locations
BBB (S&P)
Credit Rating
Seven & i Holdings (Japan)
Parent Company
Why Invest in 7-Eleven NNN Properties?
The investment thesis behind 7-Eleven as a single-tenant NNN asset.
Essential Services Drive Recession Resistance
7-Eleven locations sell fuel, food, beverages, tobacco, and lottery — essential daily-spend categories that hold up in every economic environment. Convenience store traffic is driven by habit and proximity, not discretionary spending. 7-Eleven's same-store sales were positive during the 2008 recession and COVID-19.
Backed by a Global Conglomerate
7-Eleven, Inc. is a wholly-owned subsidiary of Seven & i Holdings Co., Ltd. (Tokyo Stock Exchange), one of Japan's largest retail conglomerates with $79B+ in annual revenue. This institutional parent backing provides deep financial resources to support every US lease obligation.
Long Lease Terms — 15 to 20 Years
7-Eleven's standard NNN lease terms run 15–20 years with multiple renewal options. Longer lease terms mean lower rollover risk and a more stable income stream. For investors who want to set and forget for 15+ years, 7-Eleven's long-term leases deliver exactly that.
Active Rebranding Expansion Creating New Inventory
7-Eleven's ongoing acquisition and rebranding of Speedway and Sunoco locations creates a steady pipeline of new NNN inventory. Sale-leaseback transactions following these acquisitions regularly produce quality NNN deal flow in markets across the country.
7-Eleven NNN — Strengths & Considerations
An honest investor's view of what makes 7-Eleven work — and what to watch for.
Investor Strengths
- Investment-grade corporate guarantee (BBB / A−)
- Recession-resistant essential services business
- Long initial terms — 15 to 20 years
- Active inventory from ongoing expansion and rebranding
- Fuel + convenience = multiple revenue streams
- Global parent company — Seven & i Holdings
- Absolute NNN structure on most corporate leases
Considerations
- Gas station-adjacent properties may have environmental history
- Some locations include fuel sales — adds due diligence complexity
- Long-term secular shift away from gasoline adds uncertainty
- Older locations may have dated structures
7-Eleven as a 1031 Exchange Replacement Property
7-Eleven NNN properties are an excellent 1031 exchange target for investors seeking investment-grade credit at a mid-range price point ($2.5M–$5.5M). The 15–20 year lease terms provide a long runway of passive income with no management involvement — ideal for investors who want to retire from active real estate management.
Learn More About 1031 Exchange into NNN7-Eleven NNN — Common Investor Questions
What cap rates are typical for 7-Eleven NNN properties?
7-Eleven NNN cap rates range from approximately 4.5% to 5.75% nationally. High-traffic urban and suburban locations in Sunbelt markets trade at 4.5%–5.0%. Secondary market and older locations offer 5.25%–5.75%. New construction corporate sale-leasebacks typically price at 4.5%–5.0%.
Do 7-Eleven NNN leases include fuel operations?
Many 7-Eleven locations include gasoline retail as part of the business. This means the underlying property may have underground storage tanks (USTs). Phase I and Phase II environmental assessments are standard in any 7-Eleven acquisition. The ESS Group's attorney-review process ensures all environmental representations and warranties are properly structured in the purchase agreement.
Is 7-Eleven investment grade?
7-Eleven, Inc. is an investment-grade credit. The parent company, Seven & i Holdings, is one of Japan's largest retailers with $79B+ in annual revenue. The combination of essential retail operations and strong parent company backing makes 7-Eleven a reliable NNN tenant.
See Current 7-Eleven
NNN Inventory
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