7-Eleven

2575 Mansfield Boulevard, Wesley Chapel, FL
Deal Type:
Net Lease
Price:
$9,354,400
Cap Rate:
4.25%
Current Rent:
$397,562
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
4,480 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.64 Acres

Investment Highlights

  • Commitment – 7-Eleven Signed a 15-year absolute NNN lease that commenced in August
  • Tax Benefits – The asset Qualifies for 100% Bonus Depreciation. Tax law is subject to change in 2023
  • Rent Growth – The lease calls for 10% increases every 5- years, providing a hedge against inflation
  • Location – 7-Eleven is located at the signalized intersection adjacent to Wiregrass Highschool and Pasco-Hernando State College Porter Campus (nearly 14,000 students in total)
  • Demographics – The asset is located in a high-growth market and benefits from household incomes are north of $117,000

Listing Agents

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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