4862 Bonny Oaks Dr - Service Station FOR SALE


Chattanooga, TN 37416- Bonny Oaks-Highway 58
$9,485,000 USD
678-808-2804
4862 Bonny Oaks Dr, Chattanooga, TN for Sale
$9,485,000 USD
Service Station - FOR SALE
1/2
null | 5.25% Cap Rate

4862 Bonny Oaks Dr
Chattanooga, TN 37416
Bonny Oaks-Highway 58


HIGHLIGHTS

  • New 2025 Build | Absolute NNN Lease Signed by 7-Eleven, Inc. (dba Speedway)
  • Strong Corporate Tenant with Investment Grade Credit Ratings (S&P: A)
  • 15-Year Base Term with Rare 10% Rental Increases Every 5 Years During the Base Term & at Each Option
  • No Income Tax State | Hard Corner Lot at Signalized Intersection
  • 7-Eleven is the World’s Largest Convenience Retailer | 13,000+ Locations in North America & 85,000+ Locations Worldwide
  • Over 3,800+ Speedway Stores Acquired by 7-Eleven in 2021 for $21 Billion

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,485,000 USD

PRICE/SF

$2,040 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven (Speedway)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

Commercial

APN/PARCEL ID

129P-B-004.07

ASK ABOUT THIS PROPERTY

Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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Ani PaulsonMarcus & MillichapMore Info
678-808-2804

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.