Fortis Capital SolutionsFortis Capital SolutionsNet-Lease Investment Sales
← Back to all 31 properties
Rank #17 of 3166/100 · STRONG

7-ElevenNNN

737 Folly Road, Charleston, SC

Cap Rate5.00%
Asking$3,471,000
Annual Rent$173,558
Term Remaining8.9 yrs

Location Scorecard Fortis model · STRONG

Traffic (AADT)9,200 (2024)
Population (3 mi)29,062
Avg HH income (3 mi)$145,367
Daytime jobs (3 mi)16,724
Fuel competitors (1 mi)6
CountyCharleston County

Lease & Rent

Tenant / banner7-Eleven
Lease structureNNN
Lease expirationJul 2035
Term remaining8.9 yrs
Rent escalations1.04% annually
Renewal optionsFive, 5-Year Options

Financials

Annual rent$173,558
Asking price$3,471,000
Cap rate5.00%
Building SF2,461
Price / SF$1,410

Financing Scenario

Loan—
Down—
Debt service—
DSCR—
Cash-on-cash—
Debt yield—

NNN — in-place rent treated as NOI. Illustrative only.

Full marketing flyer with demographics, traffic, aerials and lease detail.

Download Property Flyer (PDF)