STREAM Capital Partners > Properties > All Properties > 7-Eleven

7-Eleven

Net Lease

NEC US 41 & 69th Street E, Palmetto, FL
Ownership Type:
Fee Simple
Price:
$10,873,576
Cap Rate:
5.2%
Current Rent:
$565,426
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4 x 5 Year Options
Building Sq. Ft.:
4,822 SF
Rent Increases:
10% every 5 years
Site Size:
2.95 Acres

Investment Highlights

  • Long Term Commitment: 7-Eleven signed a new 15-year lease on nearly 3 AC of land.
  • Investment Grade Credit: 7-Eleven has an S&P rating of A.
  • Rental Increase: Lease offers 10% rental increases every 5 years providing a strong hedge against inflation.
  • Passive Investment: Lease is an Absolute NNN lease with zero Landlord responsibilities.
  • Truck Stop Location: Site offers high-speed diesel and car wash, providing immediate access to the new Southeastern Freight Lines and I-275
  • Strategic Location: The site sits immediate adjacent to the entrance/Exit to I-275 providing access to over 56,000 VPD. Furthermore, the site is located along US 41, a major thoroughfare between Sarasota/Bradenton and I-275 with over 35,000 VPD at signalized intersection.
  • Growing Submarket: Proposed 240-unit multi-family development near other new retailers such as McDonalds, Dunkin Donuts, Shell, and Circle K. Additionally, development of major industrial facilities in the immediate vicinity, including Southeastern Freight Lines, Amazon and Cysco.
Ownership Type:
Fee Simple
Price:
$10,873,576
Cap Rate:
5.2%
Current Rent:
$565,426
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4 x 5 Year Options
Building Sq. Ft.:
4,822 SF
Rent Increases:
10% every 5 years
Site Size:
2.95 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Sasha Dominguez, Lic. #BK3339010

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