7‑Eleven
7-Eleven, Inc. is rated A-/Baa2 (Moody's outlook negative because parent support may weaken once Seven & i lists the US business, now expected in 2027). It is closing ~645 older North American stores in FY2026 while opening larger food-forward stores; Couche-Tard dropped its takeover bid in 2025.
- US units
- 11,700
- FY2026 est. (approx.; ~12,300 US+Canada)
- 3Y net growth
- −5.6%
- vs. 2022 (approx.)
- Credit rating
- A-
- Investment grade
- Typical term
- 15 yr
- Absolute NNN
- Model
- Mixed
- Subsidiary of Seven & i Holdings
Unit count
7-Eleven in the news
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7-Eleven net lease FAQ
What is 7-Eleven's credit rating?
7-Eleven is rated A-, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many 7-Eleven locations are there in the US?
7-Eleven reported about 11,700 US locations as of FY2026 est. (approx.; ~12,300 US+Canada). That is −5.6% versus 12,400 in 2022 (approx.).
What does a typical 7-Eleven net lease look like?
Lease type: Absolute NNN. Initial term: 15 yr. Rent increases: 7.5-10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is 7-Eleven corporate or franchised?
Operating model: Mixed. 7-Eleven is part of Seven & i Holdings. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.