Miami, FL - 7-Eleven DO NOT USE

Description:

• 12+ 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 (77,000 locations)
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Investor benefits from fee-simple ownership of the building and land
• Fee simple ownership of a convenience store qualifies for accelerated depreciation
• No landlord responsibilities
• Ideal management-free investment in a state with no state income tax

• 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
• 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) and is also nearby Miami Dade College -North Campus (41,000+ students)
• More than 536,000 residents and 215,000 employees support the trade area
• $57,092 average household income

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Listing ID: a288X00000661ZKQAY