Secure Net Lease Sells Nashville MSA 7-Eleven to Repeat Buyer

Secure Net Lease, a nationally recognized brokerage firm, has announced the successful closing of a 7-Eleven in Gallatin, Tennessee. The deal was secured with a repeat private investor from Georgia who was motivated by depreciation benefits.

Edward Benton, who oversaw the deal, shared, “We sold this 7-Eleven site in Gallatin, Tennessee to a buyer that Matt Scow from our team introduced. It was a depreciation-motivated investor we’ve worked with on multiple transactions in the past, which made for a smooth and efficient closing thanks to the strong relationship and trust we’ve built over time.”

The property, located at 214 Big Station Camp Blvd., is a 4,650-square-foot convenience store situated in a high-growth suburb northeast of Nashville. The site features prime positioning along a well-trafficked corridor near residential communities, new developments, and regional retail anchors, making it a valuable asset in the investor’s portfolio.

This transaction exemplifies Secure Net Lease’s ability to navigate the current lending environment and structure deals that close smoothly—even amid market fluctuations. Leveraging the team’s experience and long-standing client relationships, the firm once again demonstrated its knack for pairing high-quality net lease investments with motivated buyers.

7-Eleven, Inc., headquartered in Irving, Texas, is the global leader in convenience retailing. The brand operates, franchises, or licenses more than 85,000 stores across 20 countries. Known for its innovation and rapid expansion, 7-Eleven continues to be one of the most trusted names in the retail landscape.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Episode 5 – Retail Recap: Jeremy is Buying Legacy West? What the FUD!

In this episode, hosts Jeremy Mercer, Will Narduzzi, Rob Franks, and Secure Net Lease’s Bob Moorhead deliver another fast-paced update on the retail real estate world. With spring chaos in full swing and ICSC Vegas on the horizon, they break down what’s really happening across the market—from deal friction to fried chicken.

 

Key Topics Covered:

Tenant Trends & Cap Rate Stability

  • Starbucks inventory remains elevated, with slow absorption and ongoing pricing challenges in secondary markets.
  • Chipotle listings hold steady, with cap rates ranging from 4.0% to 5.75%.
  • 7-Eleven continues its build-to-suit expansion, with slight tightening in cap rates.

 

The FUD Factor & Market Psychology

  • Market uncertainty—aka FUD (fear, uncertainty, doubt)—is stalling transactions across the board.
  • Interest rate swings, tax reform unknowns, and tariff fears are shaking confidence.
  • Developers report deals getting iced due to C-suite turnover and strategic shifts.

 

Distressed Assets & Leaseback Headaches

  • CVS and Walgreens are subleasing dark stores at significantly lower rents.
  • Portfolios are being packaged with both “gems and junk” to move underperforming assets.
  • Notable deals include the Legacy West sale—yes, that Legacy West—and Washington Prime portfolios.

 

Restaurant Winners & Repositioning

  • Top Performers: Cava, Chipotle, Wingstop, Haywire, Monarch, Nick & Sam’s
  • Decliners: Starbucks, KFC, Applebee’s, Del Taco
  • Chick-fil-A leads with $7.5M+ average unit volumes, driving relocations to improve throughput.

 

From Fidelity buying power centers to American Girl’s quiet rebound at Park Lane, the episode is full of tactical insight and real-world anecdotes. Whether it’s mall failures, retail backfills, or the psychology behind a paused deal, this one has it all—plus a few laughs.

 

How to Listen:

Click for Spotify Link

Click for Apple Podcasts Link

Click for Amazon Music Link

Click for YouTube Video

Secure Net Lease Facilitates Early Close of South Carolina 7-Eleven

Secure Net Lease, a nationally recognized brokerage firm, has completed the successful sale of a 7-Eleven in Aiken, South Carolina. The property was acquired by a private buyer pursuing a 1031 exchange and motivated by depreciation benefits. Notably, the buyer had a pre-existing relationship with the seller, leading to a highly efficient and expedited transaction process.

Matthew Scow, the agent who led the deal, remarked, “This 7-Eleven in Aiken, South Carolina is one of the larger truck stop-style locations. The buyer was already familiar with the seller, which made for an exceptionally smooth transaction. Both the PSA and due diligence phases went quickly and efficiently because of their direct working relationship.”

Located on a high-traffic corridor, the 4,650-square-foot 7-Eleven benefits from strategic placement in a growing market area. Aiken, known for its accessibility and economic development, has increasingly attracted national tenants and commercial growth. The property caters to both everyday convenience customers and long-haul truck drivers, enhancing its role as a robust investment opportunity in the net lease space.

“Sometimes you get lucky with deals like this—everything aligned, and we were able to close ahead of schedule. The buyer was motivated by depreciation benefits, and we’re optimistic this will lead to more deals with this developer in the future” Scow concluded.

The transaction was completed ahead of schedule, highlighting the efficiency and cooperation between both parties. The buyer’s familiarity with the seller helped streamline negotiations and accelerate the due diligence process, resulting in a seamless closing experience and reinforcing the strength and appeal of this investment.

7-Eleven, Inc. remains the world’s leading name in convenience retailing. Headquartered in Irving, Texas, the company operates, franchises, or licenses more than 85,000 stores across 20 countries. It is a brand synonymous with consistent expansion and innovation within the retail sector.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes Sale of Round Rock Advance Auto Parts

Secure Net Lease, a nationally recognized brokerage firm, successfully completed the sale of an Advance Auto Parts property located in Round Rock, Texas. The property was acquired by a local Texas-based investor executing a 1031 exchange—marking the third net lease acquisition the buyer has made with the same developer through Secure Net Lease.

The agent who led the transaction, Anthony Pucciarello, commented, “This Advance Auto Parts in Round Rock was purchased by a local Texas-based investor completing a 1031 exchange. He’s actually the same buyer who previously acquired the Advance Auto Parts and Starbucks in Hondo, TX, also from the same developer and through our team.”

The Round Rock Advance Auto Parts location features a 6,882-square-foot building on a prominent retail corridor within one of the fastest-growing cities in the Austin metropolitan area. Round Rock, often noted for its booming population and business-friendly environment, is home to major employers such as Dell Technologies and draws continued retail expansion due to its robust demographic trends and economic growth.

“He had a strong interest in this Round Rock location from the start—we went under contract while the building was still under construction. It was a smooth, straightforward transaction, and we didn’t even need to fully take it to market because it immediately caught his attention” Pucciarello concluded.

This transaction closed in an all-cash deal and reflects a continuing trend of local investors seeking recession-resistant, single-tenant net lease investments, particularly those backed by nationally recognized brands with solid credit and long-term leases.

Advance Auto Parts, headquartered in Raleigh, North Carolina, is a leading automotive aftermarket parts provider serving both professional installer and do-it-yourself customers. With thousands of stores across the U.S., the company has maintained its reputation for reliability and service in a highly competitive sector.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes Sale of 7-Eleven in DFW

Secure Net Lease, a nationally recognized brokerage firm, successfully arranged the sale of a 7-Eleven in Heartland, Texas. The property was acquired by a repeat private investor from Monterey, CA, as part of a 1031 exchange.

The agent who orchestrated the deal, Edward Benton, said, “A repeat exchange buyer recently acquired this 7-Eleven in Heartland, marking our second successful transaction with him. This was an all-cash, lower-price-point deal as part of his 1031 exchange.”

This 7-Eleven property is a 4,872-square-foot convenience store situated at 6604 FM 741 in Heartland, TX. It is positioned at a hard corner location with significant traffic exposure—serving as the entrance to Heartland from I-20, which sees over 41,100 vehicles per day. The surrounding trade area boasts strong income demographics, with median household income exceeding $93,600 within five miles. The property is also near several schools, including Barbara Walker Elementary School, Hollis T. Dietz Elementary School, the Goddard School, and Crandall Middle School.

Heartland is a 2,100-acre master-planned community that attracts families seeking a balance between nature and city life. The area continues to experience strong demand, given its location within the DFW Metroplex—one of the fastest-growing regions in the U.S., with a population exceeding 7.6 million.

“Last February, we sold him another 7-Eleven in the Dallas-Fort Worth area. Thanks to the trust we built in that first transaction, this deal was exceptionally smooth” Benton concluded.

The deal highlights Secure Net Lease’s ability to facilitate seamless transactions between repeat buyers and high-quality net lease investments.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises, and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Bob Moorhead Named 2025 Influencer in Net Lease Real Estate by GlobeSt

We are proud to announce that Bob Moorhead, Managing Partner and founding member of Secure Net Lease, has been named one of GlobeSt.’s Influencers in Net Lease Real Estate for 2025. Selected as one of only 19 distinguished professionals nationwide, Bob’s inclusion reflects his tremendous impact on the sector through visionary leadership, strategic innovation, and a remarkable track record of success.

Each year, GlobeSt. recognizes individuals, teams, and firms that have made meaningful contributions to the net lease field—those whose efforts have helped shape the industry’s present and future. Despite market fluctuations and a general slowdown in commercial real estate transactions, the net lease space continues to attract investor interest for its stability and returns. Within this dynamic landscape, Bob Moorhead has consistently demonstrated the influence and foresight necessary to thrive and lead.

With more than 1,635 completed transactions totaling over $7.4 billion in value since 2011, Bob has established Secure Net Lease as a dominant force in the net lease sector. Notably, he facilitated a $237 million sale-leaseback deal involving Allsup’s convenience stores, a key component of a broader $1 billion acquisition between Yesway and Allsup’s. His strategic leadership has also driven over $2.1 billion in convenience store transactions, partnering with major brands such as 7-Eleven, Wawa, Circle K, and QuikTrip.

Beyond dealmaking, Bob is a respected leader who actively shares market insights, including guidance on navigating interest rate shifts and identifying tax-driven opportunities. His early recognition of the benefits of Bonus Depreciation allowed Secure Net Lease to create tailored lease structures that delivered lower rents, higher property values, and significant tax savings.

Bob will be profiled on GlobeSt.com and honored at the annual Net Lease Spring conference in New York City on April 2, 2025. Please join us in congratulating Bob Moorhead on this well-deserved recognition!

Click here for article.

Edward Benton Facilitates Sale of Large Format 7-Eleven in Austin MSA

Secure Net Lease, a nationally recognized brokerage firm, successfully closed the sale of a 7-Eleven in Georgetown, Texas, located just north of Austin. The property was sold in an all-cash transaction to a private investor from San Diego, CA, who was motivated by a 1031 exchange.

The agent who facilitated the deal, Edward Benton, commented, “You don’t see a lot of these assets on the market, so the buyer was eager to secure a spot in the Austin area. We had a strong existing relationship with them, and when another site didn’t work out, we were able to seamlessly transition them to this Georgetown 7-Eleven.”

The 4,190-square-foot 7-Eleven sits on 1.49 acres on Williams Drive in Georgetown, TX, on a signalized, hard-corner location with over 23,900 vehicles per day. The site features 14 parking spaces and 8 gasoline MPDs, making it a high-traffic convenience and fuel destination. 

“It was a smooth transaction—we achieved strong pricing, and once it was under contract, they closed all-cash. They enjoy working with us because we make the process easy, and this deal was no exception.” Benton concluded.

Georgetown is a rapidly growing suburb of Austin, strategically positioned along Interstate 35, the major corridor between Dallas and San Antonio. The area has seen significant economic expansion, including the recent development of GAF Energy’s new 450,000-square-foot solar manufacturing facility, expected to bring over 265 jobs to the area. The adjacent H-E-B Plus expansion further underscores the area’s strong retail demand.

This transaction highlights Secure Net Lease’s expertise in sourcing motivated 1031 exchange buyers and securing premium pricing for high-performing net lease assets in competitive markets.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Episode 4 – Retail Recap: Navigating the Financial Terrain

In this episode, hosts Jeremy Mercer, Will Narduzzi, Rob Franks, and Secure Net Lease’s Bob Moorhead dive deep into the current dynamics shaping the commercial real estate landscape, particularly retail and industrial assets. They cover everything from market shifts and tenant performance to zoning challenges and creative lease strategies. 

Key Topics Covered:

Retail Tenant Performance

  • Starbucks continues to oversaturate the market, but non-triple-net leases turn off investors.
  • Chipotle remains a strong performer with long-term, true NNN leases.
  • 7-Eleven is balancing its traditional convenience model with expansion into truck-stop formats.

Capital Markets & Bonus Depreciation

  • 100% bonus depreciation may return by mid-year, potentially unlocking more buyer demand.
  • Cap rates have widened slightly but remain attractive for credit tenants with long-term leases.

Distressed Assets & Reuse Strategies

  • Walgreens/CVS closures present backfill challenges; some owners are exploring creative reuses.
  • Bankruptcies like Party City and JoAnn are generating short-term leasing and redevelopment opportunities.

Winners & Losers in Retail Expansion

  • Whataburger, Velvet Taco, Aldi, and Sprouts are growing, while chains like On The Border, Red Lobster, and Denny’s are shrinking or filing BK.

Industrial Hurdles & Zoning Friction

  • Costly zoning overlays and surfacing requirements (especially in cities like Haltom and Frisco) complicate deals and increase timelines.
  • Zoning-by-right assets are heavily favored in the current environment.

Urban Redevelopment

  • Neiman Marcus’s downtown Dallas closure is a major cultural and retail loss.
  • Redevelopment of aging malls like Willow Bend points to continued demand for mixed-use, residential, and experiential reuse.

This episode offers a wide-ranging and candid look at the evolving landscape of commercial real estate, blending market data, boots-on-the-ground deal experience, and plenty of real estate “war stories” that investors, brokers, and developers will appreciate.

 

How to Listen:

Click for Spotify Link

Click for Apple Podcasts Link

Click for Amazon Music Link

Click for YouTube Video

SNL Facilitates All-Cash Sale of 7 Brew in Colorado

Secure Net Lease, a nationally recognized brokerage firm, successfully completed the sale of a 7 Brew Coffee location in Montrose, Colorado. The property was sold in an all-cash transaction to a private investor from Chico, CA who was motivated by a 1031 exchange.

The agent who facilitated the deal, Kyle Varni, commented, “It was a pretty straightforward and smooth process. We ultimately found a California buyer through an exchange, and it was an all cash deal. He owns a home in Telluride and visits the area frequently, so he’s very familiar with the real estate market there. Once we went under contract, the transaction was incredibly smooth.”

The 7 Brew Coffee property is a 510-square-foot drive-thru-only building situated at 1433 Encanto Place, Montrose, CO. The site benefits from high visibility at a hard corner location, with excellent traffic counts. Montrose County is a well-known destination for outdoor activities, drawing tourists year-round. Additionally, Montrose serves as a gateway to Telluride, which is only 40 miles away.

The buyer, a private investor from Chico, CA, was already well-acquainted with the Montrose and Telluride markets due to his frequent visits to the area. His familiarity with the region, combined with the growth of 7 Brew Coffee, made this investment particularly attractive.

This sale highlights Secure Net Lease’s expertise in identifying and matching premium net lease investment opportunities with motivated buyers. The transaction underscores the strong demand for high-traffic, drive-thru retail properties, particularly in tourist-driven markets like Montrose, Colorado.

Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business, with no interior sit-down space in their compact 500-square-foot stands. Since 2017, 7 Brew has grown to over 210 locations in 26 states and continues to expand rapidly with a recent investment from Blackstone, the world’s largest commercial RE owner.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Sells DFW 7-Eleven

Secure Net Lease, a nationally recognized brokerage firm, orchestrated the sale of a 7-Eleven in Saginaw, Texas, just outside of Fort Worth. The property was sold in an all-cash transaction to a private buyer from Las Vegas, NV motivated by Bonus Depreciation.

The agent who orchestrated the deal, Edward Benton, said “I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits. The buyer quickly recognized the value of this 7-Eleven because of its proximity to Fort Worth.” 

This large format 7-Eleven store is a 4,088 square-foot building that sits on 1.44 acres on an irreplaceable hard corner that sees over 26,440 vehicles per day. The site features 21 parking spaces and 8 MPDs. It is only 6 miles from Downtown Fort Worth, just north of Interstate 820, which sees over 112,994 vehicles per day. Interstate 820 is a loop around Fort Worth that forms part of the larger Interstate 20 system. 

“The buyer moved quickly to secure the asset at full list price, demonstrating strong demand for well-located, income-producing net lease investments,” Benton concluded.

The sale of this 7-Eleven in Saginaw, Texas, highlights the strong demand for well-located net lease investments, particularly those offering attractive tax advantages like Bonus Depreciation. With its strategic positioning near Fort Worth and strong traffic counts, the property presented an attractive investment opportunity for the buyer. Secure Net Lease’s ability to match motivated buyers with premium retail properties highlights the firm’s expertise in navigating the net lease market.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits.

Copyright © 2024 Secure Net Lease.