Secure Net Lease Facilitates Early Close of South Carolina 7-Eleven
Matthew Scow Leads Deal with Buyer Motivated by Depreciation Benefits
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.
