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Views: 21 DOM: 26 Updated: 04.20.24 Posted: 04.20.24 Status: Active

Summary

Price $9,491,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 01-01-2024
#Units 83,282
Price/SF $2,041.08
Expiration 02-01-2039
Tenant Type Convenience/Gas
NOI $474,564
R. Term 14.8
Ownership Fee Simple
Rent/SF $102.06
Increases 10.0%/5/yrs
Pop 5Mi 69,206
Lot/AC 1.44
Options 4/5yrs/10%
AHHI 5Mi $90,691

Lease Highlights

  • Brand new 2024 construction
  • 7 Eleven recently executed a brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of US Highway 27 and 4 Corners Blvd., with access to a combined daily traffic count of 46,000 vehicles. As an integral part of the expansive 14-acre mixed-use Champions Station development, it is set to host Starbucks, Ace Hardware, Lockhart Storage, and other amenities. Furthermore, it is positioned across from the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven & I Holdings Co., Ltd
  • # Units:83,282
  • Tenant S&P: A
  • Moody’s: Baa2
  • Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,029 35,179 76,694
2023 Total Population : 3,782 32,436 70,304
2023 Employed Civilian Pop : 1,534 13,414 28,443
2023 Total Businesses : 26 399 1,336
2023 Average Household Income : $ 81,724 $ 82,982 $ 79,640
2023 Total Consumer Spending : $ 88 M $ 785 M $ 1680 M
2023 Median Age : 36 44 41
2023 Total Households : 1,238 10,828 24,082
2023 Pop Age 25+: Bachelor's Degree : 278 3,233 7,682
2023 Average Home Value : $ 281,797 $ 274,076 $ 279,960
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 17 Manatee Ave 2005 13,300 1.02 mi
Mystery House Rd 2022 19,900 1.38 mi
Bates Road N 10th St 2022 12,200 2.41 mi
17th Street Baker Ave E 2022 20,100 2.63 mi
Lee Jackson Highway Co Rd 547 2022 3,800 2.75 mi
North Lee Jackson Highway Ave D 2022 5,600 2.80 mi
North 30th Street Melbourne Ave E 2022 3,200 2.94 mi
Meridian St 2022 55,500 2.97 mi
N 17th St E Johnson Ave 2005 12,600 3.00 mi

Listing Broker

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