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| Price $3,478,200 | Built/Renov 1985 | Tenant 7-Eleven |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,664
| Lease Start
01-04-2021
| #Units
83,282
|
| Price/SF $1,305.63 | Expiration
01-31-2036
| Tenant Type Convenience/Gas |
| NOI $173,910 | R. Term 10.4 | Ownership Fee Simple |
| Rent/SF
$65.28
| Increases 10.0%/6/yrs | Pop 5Mi 226,234 |
| Lot/AC 0.86 | Options 5/5yrs/7.5% | AHHI 5Mi $103,711 |
| | |
Absolute NNN lease with ±10.5 years remaining and 10% rent increase in 2031.
Five 5-year renewal options with 7.5% increases in first four, FMRV in fifth option.
7-Eleven, Inc. operates 85,000+ stores across 20 countries.
This is a hard-corner site at Ridge Road and Walsingham Road with strong surrounding traffic counts.
Adjacent to 100-acre Florida Botanical Gardens, a major regional attraction.
Within 3 miles there are 5.5 MSF retail, 3.3 MSF office, 6.1 MSF industrial, 12,432 multifamily units.
5-mile trade area has 226,000+ residents with average household income exceeding $103,711.
7-Eleven is strategically located along Walsingham Road in Largo, Florida, with access to a daily traffic count of approximately 10,100 vehicles. The site is surrounded by major national retailers including Target, Bealls, Marshalls, Regal Cinemas, Ulta Beauty, Burlington, PetSmart, Staples, Home Depot, Lowe’s, Publix, Walmart Neighborhood Market, driving consistent consumer traffic to the...
...Hard corner intersection
In location for years
Major thoroughfare
Near major nationals
Dense 200M+ pop 5 mi
Major MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
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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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
