Tamarac, FL - 7-Eleven

Description:

• 7-Eleven has 5+ years remaining on the lease, with five 5-year renewal options, demonstrating its long-term commitment to the site
• Lease features 7.50% rental increases every five years through option periods 1–3, with option periods 4 and 5 subject to fair market value, providing NOI growth and a hedge against inflation
• The lease is signed by 7-Eleven, Inc., investment grade (S&P: A-), a globally recognized and established convenience store/gas operator (14,000+ U.S. sites)
• Fee-simple ownership of a convenience store may qualify for accelerated depreciation (see page 9 for additional details). Please consult with a qualified tax advisor regarding potential tax benefits.
• In April 2014, 7-Eleven’s $1.8B acquisition of Sunoco, LP was announced, approved by shareholders in August 2014, and finalized in January 2018; the transaction included the acquisition of roughly 1,108 stores across 18 states

• Strategically located at the signalized hard corner of Nob Hill Road and Commercial Boulevard with approximately 87,000 combined VPD, while also benefiting from excellent regional connectivity to the Sawgrass Expressway (166,500 VPD) and Florida’s Turnpike (141,400 VPD)
• 7-Eleven is located in a dense retail corridor with nearby credit tenants including Publix, AMC Theatres, Five Below, PetSmart, and many more

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Listing ID: a28TP000003PGj0YAG