7-Eleven | Absolute NNN Lease
$4,498,000
7755 West 4th Avenue, Hialeah, FL 33014
4.3
Cap Rate
193,400.04
NOI
Details:
Highlights:
- Brand new construction
- Rare opportunity in Miami
- New 15-Year Absolute NNN Lease
- Top investment grade tenant (S&P: AA-)
- Sits in front of 216 unit proposed apartments
- Hialeah is the 10th-largest city in the USA among cities with a population of more than 10,000 people per square mile
- Florida has no state income tax
Description:
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively market for sale the property leased to 7-Eleven located at 7755 W. 4th Avenue, Hialeah, FL.
This is a brand new built-to-suit for 7-Eleven, Inc. (S&P: AA-), which corporately guarantees the 15-year Absolute NNN lease. The lease features 10% increases every five years and includes two, 5-year options.
The property is located in Hialeah, FL, a dense suburb of Miami. This new 7- Eleven, which includes gas dispensers, will front on W. 4th Avenue (37,000 VPD). 216 brand new apartment units sit directly behind the store (currently under construction), a likely large contributor to convenience store sales.
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