7-Eleven Market Report
Cap rates and listings for 95 7-Eleven net lease sales, November 2022 to October 2026, and 141 stores for sale.
Across 236 tracked comps, closed 7-Eleven sales traded at a median cap rate of 5.33% (95 sales), against a median asking cap of 5.20% on 141 current listings.
- 236Comps tracked
- 5.33%Median sold cap95 records
- 5.20%Median ask cap141 records
- $4.14MMedian sale price95 records
- Edition
- November 2026 editionPublished November 13, 2026
- Observation period
- Sales closed November 2022 to October 2026Data to November 13, 2026
- What is covered
- 7-Eleven sale and listing comps in the report set (236 comps)AL, AR, AZ, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NM, NV, NY, OH, OK, SC, TN, TX, UT, VA, WA, WI, WV
- Sample
- 95 closed sales with a reported cap rateClosed sales141 active listings with an asking cap rateActive listings
- Author
- Jonathan Aceves
- Reviewed by
- Stephen Long
Key findings
- Average cap rate 5.40% (median 5.33%) across 95 clean closed sales, Nov 2022 – Nov 2026.
- Cap rates rose from ~5.0–5.2% (2022–23) to ~5.4–5.5% (2024–26).
- Newer stores (built 2019+) trade at 5.25% on ~$367K rents vs 5.30% on ~$242K for older stores; 32 sales have no year built.
- Southeast: Florida 5.27% (25 sales), Georgia 5.40% (4 sales); the newest GA deals are 15–18 year corporate leases at $450K–$590K rent.
- Standard structure: corporate-guaranteed absolute NNN, 10% rent bumps every five years, four five-year options.
- Six sales are excluded from the stats pending review (portfolio pricing and mis-dated rows).
- On the market: 141 7-Eleven stores are listed for sale on Crexi (Nov 12, 2026) at a median 5.20% asking cap rate, 22 states, average asking price about $5.6M. Asking caps are stated by the listing broker and not verified.
Sold cap rate by sale date
Logarithmic trend, n = 95, R² 0.06. One dot per comp.
Sold cap rate by sale date
Rent per acre by lot size
Logarithmic trend, n = 220, R² 0.36. One dot per comp.
Rent per acre by lot size
Cap rate by region
Sold cap rates by the state of the property. Southeast is GA, FL, AL, TN, NC, SC. Fewer than 5 sales is directional.
| Region | Sales | Median cap | Average cap | Range |
|---|---|---|---|---|
| Southeast | 32 | 5.30% | 5.28% | 4.72% – 6.31% |
| West | 17 | 5.14% | 5.11% | 4.08% – 6.52% |
| Mountain | 18 | 5.46% | 5.50% | 4.60% – 6.50% |
| Texas | 8 | 5.61% | 5.68% | 5.13% – 6.42% |
| Midwest | 8 | 5.76% | 5.87% | 4.85% – 8.03% |
| Northeast | 4 (directional) | 5.17% | 5.19% | 4.78% – 5.65% |
| Other | 8 | 5.63% | 5.63% | 4.85% – 6.22% |
| Source: Finem Group comp set | ||||
Latest comps
Most recent sold comps with a reported cap. City and state only.
| Location | Sold | Price | Cap | Term | Guarantee |
|---|---|---|---|---|---|
| Oklahoma City, OK | 2026-10-22 | $5,325,000 | 5.39% | 15 yrs | — |
| West Point, GA | 2026-10-22 | $9,906,542 | 5.35% | 18 yrs | — |
| Pinellas Park, FL | 2026-10-12 | $6,210,000 | 5.05% | — | — |
| Fort Worth, TX | 2026-09-10 | $3,700,000 | 5.13% | 15 yrs | — |
| St Petersburg, FL | 2026-09-03 | $2,220,183 | 5.45% | 15 yrs | — |
| Carnesville, GA | 2026-07-19 | $11,000,000 | 5.35% | 18 yrs | — |
| Madison, WI | 2026-07-17 | $3,567,000 | 4.85% | — | — |
| Chesapeake, VA | 2026-07-15 | $1,770,000 | 6.20% | — | — |
| Tarpon Springs, FL | 2026-07-02 | $4,673,500 | 5.00% | 35 yrs | — |
| Westminster, CO | 2026-05-14 | $4,800,000 | 5.16% | 4 yrs | — |
| Source: Finem Group comp set | |||||
Methods
- Figures use the 236 comps the analyst marked as included; excluded comps are not counted.
- Cap rates and prices are medians of the comps that report them, so one outlier does not move the figure. Groups of fewer than three sales are labelled directional.
- Each trend line is a least-squares fit; the number printed beside it (R squared) says how much of the variation it explains, and a low value means the trend is weak.
Sources
- Finem Group comp database — Sale and listing comps entered by Finem brokers and analysts
- Brand facts — Public web sources cited in the at-a-glance blurbs
Limitations
- Lease terms and asking caps are as stated by listing brokers and are not independently verified.
- Sold cap rate by sale date: the fitted trend explains little of the variation (R squared 0.06), so treat it as a direction, not a forecast.
- Regions with fewer than three sales are shown as directional.
For the current figures, see the 7-Eleven net lease cap rates and market report summary: the latest sales, listings and lease terms.