Summerfield, 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 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• 2025 construction will feature high-quality materials, high-level finishes, and distinct 7-Eleven design elements

• 7-Eleven is strategically located at the signalized, hard corner intersection of US Hwy 301 and SE Hwy 42 averaging a combined 44,600 VPD
• Next to The Villages, the nation’s highest selling master-planned community
• The Villages spans 57 square miles, bigger than Ocala and roughly equivalent to West Palm Beach
• As the country’s highest-selling master-planned community, The Villages already stretches from southern Marion County deep into Sumter County and the western end of Lake County
• The surrounding area is undergoing massive changes and new development, providing a future investor with long-term viability in the underlying real estate
• Less than a mile East of the subject site, Stark Enterprises
will construct Summer Pointe Village, a 454-unit build-to-rent community in Summerfield, Fla. The property will be developed in two phases—of 252 and 202 units—with the first one expected to break ground later this spring, and completion anticipated in the summer of 2026