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Views: 19 DOM: 14 Updated: 10.04.24 Posted: 10.04.24 Status: Active

Summary

Price $5,560,560
Built/Renov 2001
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,915
Lease Start 08-01-2001
#Units 83,282
Price/SF $1,907.57
Expiration 06-30-2031
Tenant Type Convenience/Gas
NOI $278,028
R. Term 6.8
Ownership Fee Simple
Rent/SF $95.38
Increases 12.0%/5/yrs
Pop 5Mi 427,623
Lot/AC 1.11
Options 3/5yrs/12%
AHHI 5Mi $70,945

Lease Highlights

  • 7-Eleven has been operating in this location since 2001
  • The tenant has 6+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 12% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is situated along W. Oakland Park Boulevard enjoying direct exposure to more than 44,000 vehicles per day, significantly enhancing its visibility and accessibility. The site offers easy access to all of South Florida’s major thoroughfares, including Interstate 95, Florida’s Turnpike, and the Sawgrass Expressway. Additionally, the site is strategically shadow-anchored by a Walmart...

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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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