Plantation, FL - 7-Eleven
$6,664,000
1799 N University Dr, Fort Lauderdale, FL 33322
5
Cap Rate
333,220
NOI
Details:
Description:
• The tenant currently has 6+ years remaining on their initial lease with
5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 7.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada
• The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Aldi, Walmart Supercenter, Chick-fil-A, Lowe’s, Home Depot, Cava, McDonald’s, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Bell at Plantation Apartments (250 units), Plantation High School (1,818 students), Village Elementary School (551 students) and more, further increasing consumer traffic to the site
Location
Gallery
