Overview

Description

• The tenant, 7-Eleven, executed a 15-year ground lease (6+ years remaining) 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

• The subject property is located directly off Hillsborough Avenue (68,500 VPD)
• Dense retail corridor with tenants McDonalds, Walgreens, Hooters, Applebee’s, Crunch Fitness, Zaxby’s, Buffalo Wild Wings, O’Reilly’s, Dunkin Donuts & more
• Adjacent to Tampa International Airport with over 1,065,580 yearly flights
• Across from two business parks, one sitting on over 450 AC and another on 940 AC
• This location ranks in the top 72% (29,453 out of 107,345) of all gas stations and c-stores nationwide

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