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Marcus & Millichap Brokers Sale of 7-Eleven in SC

Marcus & Millichap closed the sale of 7-Eleven Fountain Inn, a 4,650-square-foot, net-leased property located in Fountain Inn, South Carolina. The asset went from contract to close in 45 days, qualifying for 80 percent bonus depreciation. It ultimately sold for $7,333,685.

The buyer was secured and represented by senior managing directors, Austin Weisenbeck and Sean Sharko along with a senior associate, Timothy Nichols, investment specialists in the firm’s Chicago Oak Brook office. Benjamin Yelm, regional manager and broker of record of South Carolina, assisted in the transaction.

7-Eleven Fountain Inn is located at 910 McCarter Road, and the newly constructed property is situated along Interstate 385, a heavily traveled highway in the state. It is located in the high-growth Greenville industrial corridor, an area with over 12.3 million square feet of industrial buildings within a five-mile radius. The new 15-year triple-net lease offers a corporate guarantee, 10 percent rental increases every five years and no landlord responsibilities.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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