7-Eleven
NWC of NW 7th Street & NW 45th Avenue, Miami, FL 33126
$10,433,333
Cap Rate 4.50%
Summary
| Price $10,433,333 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,688
| Lease Start
02-11-2023
| #Units
83,282
|
| Price/SF $2,225.54 | Expiration
02-28-2038
| Tenant Type Convenience/Gas |
| NOI $469,500 | R. Term 14.2 | Ownership Fee Simple |
| Rent/SF
$100.15
| Increases 10.0%/5/yrs | Pop 5Mi 622,000 |
| Lot/AC 1.00 | Options 4/5yrs/10% | AHHI 5Mi $67,147 |
| | |
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Lease Highlights
- Brand new 2023 construction
- 7-Eleven to sign a new 15-year lease with 4 (5-year) options to extend at close of escrow
- Absolute NNN | Zero landlord responsibilities
- Lease features 10% rental increases every 5 years
- Corporate guaranteed lease
- 7-Eleven is an investment grade tenant (S&P: A)
Location Description
This newly constructed 7-Eleven is situated on the signalized, hard-corner intersection of NW 7th Street and NW 45th Avenue, with a daily traffic count of more than 31,500 vehicles passing by. The site benefits from being within close proximity to Interstate 836 (178,000 VPD), and to Miami International Airport. Nearby national retailers include Publix, McDonalds, Burlington, First Watch,...
...Features
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New construction
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Signalized intersection
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Near major nationals
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Trophy location
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Top 100 MSA
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Income tax free state
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Brand new lease
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Long 15+ yr lease
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Accelerated depreciation
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Traded and rated company
...
Maps
Tenant
- Tenant: 7-Eleven
- Guarantor:Corp T and Rated
- Company:Seven and I Holdings
- # 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 12,500...
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