Views: 0 DOM: 87 Updated: 12.11.23 Posted: 09.16.23 Status: Active


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

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,...



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  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven and I Holdings
  • # Units:83,282
  • Tenant S&P: A
  • Moody’s: Baa2

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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