Davenport, FL - 7-Eleven

Description:

• Brand new 15-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by 7-Eleven, Inc., an investment grade (S&P: A), a globally recognized and established convenience store/gas operator (14,000+ U.S. sites)
• The lease features a rare 10% rental increase every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• 2023 construction which features high-quality materials, high-level finishes, and distinct 7- Eleven design elements

• 7-Eleven is located off the signalized, hard corner intersection of US Highway 27 and 4 Corners Boulevard averaging 46,000 VPD
• The site is part of the larger 14-acre mixed use Champions Station development that will feature a Mod Wash, Slim Chickens, Starbucks, Ace Hardware, Lockhart Storage, Valvoline, and more
• Across from the newly constructed Champions Crossing development that features 326 multi-family units, Publix, Dental Care, Woodspring Suites, Nagoya, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The location is on the AM side of the road, allowing residents to utilize the I-4 access and the surrounding area