Miami, FL - 7-Eleven

Description:

• 10+ years remaining on the initial 15-year lease with 4 (5-year) option periods 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 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

• The subject property is located at the signalized, hard corner intersection of NW 95th Street and NW 17th Ave (combined 47,400 VPD)
• 7-Eleven has excellent visibility and points of access from both adjacent roads
• “Coral Gables-based MG Developer, alongside their partner Baron Property Group (BPG), a New York-based development company, have revealed
their plans for a new Hialeah, Metro Center. This $600 million landmark development will comprise nearly 2.3 million square feet of upscale apartments, and retail space between Metro Parc, Metro Parc North, and Metro Parc South, all located in a transit-oriented community in the heart of Hialeah that will revolutionize urban living in the city” (click HERE for full article)
• Approximately 1 mile West of Interstate 95 (267,000 VPD)
• The convenience store/gas station is ideally located across the street from Miami Central High School (1,800+ students), William H. Turner Technical Arts High School (1,200+ students), and is also nearby Miami Dade College -North Campus (41,000+ students)