Investment-grade convenience stores backed by 7-Eleven, Inc. — and the tenant we know best, with 43 7-Eleven transactions closed.
A 7-Eleven NNN property is a convenience store — usually with fuel — leased to 7-Eleven, Inc. on a long-term absolute triple net or ground lease, so the tenant pays the property taxes, insurance and maintenance. New-construction leases typically run 15 years with 10% rent increases every five years, backed by 7-Eleven, Inc.’s investment-grade credit (S&P A-). That mix of corporate credit, hands-off ownership and essential daily traffic makes 7-Eleven one of the most sought-after tenants for 1031 exchange buyers.
Solid Investments FL has represented buyers on 43 7-Eleven transactions across 12 states and Washington, DC — more than any other tenant in our track record. We know how these leases are written, how they trade and what to look for. Our buyer representation is always free to you.
| Tenant / guarantor | 7-Eleven, Inc. (corporate) — confirm the entity on each lease |
|---|---|
| Parent company | Seven & i Holdings Co., Ltd. (Tokyo) |
| Headquarters | Irving, Texas |
| Credit rating | S&P A- / Moody’s Baa2 (investment grade) |
| Stores | About 12,300 in the U.S. and Canada; more than 80,000 worldwide |
| Typical lease term | 15 years on new construction (10 and 20 years also common) |
| Lease type | Absolute NNN or ground lease |
| Rent increases | Typically 10% every 5 years (7.5% on some leases) |
| Renewal options | Multiple options, usually in 5-year increments |
| Typical cap rate (2026) | ~4.75%–5.5% for new 15-year corporate leases; higher for short remaining terms |
| Typical price range | About $1M–$7M+, depending on land, fuel and building size |
Credit ratings as of October 2026. Cap rates and pricing reflect current market conditions and vary by deal.
With a ground lease you own the land and 7-Eleven owns the building during the term — typically a lower cap rate and less risk, but no building depreciation. With fee simple you own both and can depreciate the improvements.
New 15-year leases command premium pricing. Older stores with only a few years left trade at much higher cap rates — our own closings have ranged from about 4% to nearly 10% — so weigh the yield against renewal risk.
Most 7-Elevens sell fuel. Review who is responsible for the underground tanks, the lease’s environmental indemnity, and order a Phase I environmental report before closing.
Seven & i plans to close roughly 645 underperforming North American stores in fiscal 2026 while opening new ones. Hard corners, strong traffic counts and visit data (such as Placer.ai) separate the best sites from the rest.
Couche-Tard withdrew its takeover bid for Seven & i in July 2025, and the planned IPO of the North American business is now targeted for fiscal 2027 or later. Read the guaranty so you know exactly who stands behind the rent.
A 10% increase every five years works out to roughly 1.9% per year compounded — contractual income growth that helps offset inflation over a long hold.
The One Big Beautiful Bill Act made 100% bonus depreciation permanent for qualifying property acquired after January 19, 2025. That is especially powerful for a gas-station 7-Eleven: it can qualify as a retail motor fuels outlet, which is depreciated over 15 years instead of the usual 39 — making the entire building eligible for bonus depreciation in the year you buy it.
The building generally needs to meet any one of three tests: 50%+ of gross revenue from fuel sales, 50%+ of floor space devoted to petroleum sales, or a building of 1,400 sq ft or less.
Bonus depreciation requires owning the building. With a ground lease you own only the land, which is never depreciable — one of the biggest differences between the two structures.
If a store doesn’t meet the tests, a cost segregation study can often reclassify roughly 25%–40% of the depreciable basis — site work, paving, canopy, equipment — into 5- and 15-year property that is bonus-eligible.
1031 exchange buyers: how much of your basis is eligible depends on how your exchange is structured. Depreciation recapture applies when you sell, passive-activity rules can limit who benefits, and state conformity varies. This is general information, not tax advice — confirm with your CPA and a cost segregation specialist before you buy.
From oceanfront Vero Beach to Detroit, Phoenix and the Outer Banks, we’ve helped buyers close 43 7-Eleven transactions in 12 states and Washington, DC. A few recent examples:
Convenience / Gas
Convenience / Gas
Convenience / Gas
Convenience / Gas
Convenience / Gas
Convenience / Gas
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, that has represented buyers on 43 7-Eleven transactions across 12 states and Washington, DC — more than any other tenant in our track record. We help investors and 1031 exchange buyers find, underwrite and close 7-Eleven NNN properties nationwide, and our buyer representation is free.
As of 2026, new-construction 7-Eleven stores with 15-year corporate leases are generally priced around 4.75% to 5.5%. Ground leases tend to trade at the lower end, while older stores with only a few years of term remaining trade at noticeably higher cap rates. Our own 7-Eleven closings have ranged from about 4% to nearly 10% depending on lease term, location and lease structure.
New-construction 7-Eleven leases most often run 15 years, though 10- and 20-year terms are also common. Rent typically increases 10% every five years, and leases usually include multiple renewal options.
As of October 2026, 7-Eleven, Inc. is rated A- by S&P and Baa2 by Moody's — both investment grade. Its parent company, Seven & i Holdings, is rated A- by S&P and A3 by Moody's. Always confirm which entity signs or guarantees the specific lease you are buying.
For many investors, yes. 7-Eleven offers investment-grade corporate credit, little to no landlord responsibility under an absolute NNN or ground lease, scheduled rent increases, and a wide range of price points nationwide — which makes it easier to match your exchange amount and close within the 180-day deadline.
Often, yes — if you buy it fee simple. 100% bonus depreciation is permanent for qualifying property acquired after January 19, 2025, and a gas-station 7-Eleven can qualify as a retail motor fuels outlet (15-year property) if it meets any one of three tests: 50% or more of gross revenue from fuel, 50% or more of floor space devoted to petroleum sales, or a building of 1,400 square feet or less. If it qualifies, the entire building may be eligible for bonus depreciation in year one. Ground lease buyers own only the land, which is not depreciable. Confirm eligibility with your CPA.
Seven & i announced plans to close roughly 645 North American 7-Eleven stores in fiscal 2026, mostly underperforming locations, while continuing to open new stores. A corporate lease generally stays in force even if a store goes dark, so 7-Eleven, Inc. still owes rent through the term — but re-leasing risk at expiration is real, which is why location quality and store performance matter.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ve closed more 7-Eleven deals than any other tenant. Tell us your budget, location and timeline — our buyer representation is completely free.
📞 954-296-6955 | 11015 Gatewood Dr Suite 102, Lakewood Ranch, FL 34211