Homosassa, FL - 7-Eleven

Description:

• The tenant, 7-Eleven, recently executed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases throughout the initial term and at the beginning of each option to extend, increasing the NOI and providing a hedge against inflation
• 7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor in a state with no state income tax

• Subject property is shadow-anchored by Publix & Winn-Dixie
• Located in downtown Homosassa in a dense retail corridor with tenants Walgreens, Wendy’s, Advance Auto Parts, Hardees, Burger King, Taco Bell, McDonalds and more
• Adjacent to Ellie Schiller Homosassa State Park, one of the most recognized state parks with over 280,000+ yearly visitors
• Hard corner signalized location off U.S Hwy 19 (32,000 VPD)
• U.S Hwy 19 is the main highway connecting Tallahassee to Tampa, FL

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Listing ID: a28TP000000HrG1YAK