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Views: 132 DOM: 197 Updated: 10.25.24 Posted: 05.01.24 Status: Active

Summary

Price $9,160,000
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 04-25-2024
#Units 83,282
Price/SF $1,969.89
Expiration 04-25-2039
Tenant Type Convenience/Gas
NOI $457,991
R. Term 14.5
Ownership Fee Simple
Rent/SF $98.49
Increases 10.0%/5/yrs
Pop 5Mi 22,806
Lot/AC 1.84
Options 4/5yrs/10%
AHHI 5Mi $65,486

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 increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of South Suncoast Blvd./U.S. Highway 19, the main highway, with access to a combined daily traffic count of 32,000 vehicles passing by daily. The property benefits from being shadow anchored by Publix & Winn-Dixie, which further enhances its visibility. Situated in downtown Homosassa, it is part of a dense retail...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 1,078 10,711 24,082
2023 Total Population : 1,056 10,418 23,494
2023 Employed Civilian Pop : 300 3,250 7,312
2023 Total Businesses : 153 558 934
2023 Average Household Income : $ 46,905 $ 63,656 $ 65,490
2023 Total Consumer Spending : $ 19 M $ 271 M $ 627 M
2023 Median Age : 58 59 59
2023 Total Households : 473 4,857 10,893
2023 Pop Age 25+: Bachelor's Degree : 73 948 2,192
2023 Average Home Value : $ 118,056 $ 167,143 $ 206,337
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
SE Hwy 19 W Elkhorn Dr 2005 32,000 0.26 mi
S Suncoast Blvd W Bradshaw Blvd 2005 30,500 0.75 mi
West Bradshaw Boulevard S Antlers Pt 2022 2,800 0.77 mi
Suncoast Boulevard S Suncoast Blvd 2022 28,000 0.90 mi
Suncoast Boulevard W Central St 2022 28,000 1.13 mi
West Fishbowl Drive S Purslane Dr 2022 2,800 1.14 mi
West Halls River Road S Taylor Ter 2022 2,000 1.53 mi
West Yulee Drive S Rocky Pt 2022 2,800 1.62 mi
West Longfellow Street S Strohs Ter 2022 1,700 1.81 mi
West Green Acres Street S Memorial Dr 2022 2,800 1.82 mi

Listing Broker

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