October 2021 | RECENTLY CLOSED – 7-11 White Plains, MD

Thomas Company is pleased to announce the closing of a newly constructed 7-Eleven convenience store & fuel station property located in White Plains, MD. The Property closed as an off-market transaction. The Property features a new 15-year, absolute-net lease with 7‑Eleven Inc. (S&P “A”), on a fee simple ownership basis. This 7-Eleven featured a newly developed c-store, with gas and diesel fueling stations, The property is strategically located at the signalized hard corner of Crain Highway and Willets Crossing Rd, which sees over 37,000 VPD. The buyer was in a 1031 exchange and was attracted to the premium credit, new construction, and depreciation benefits of the investment class.