Ocoee, 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, 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 features high-quality materials, high-level finishes, and distinct 7-Eleven design elements

• 7-Eleven is located at the signalized, hard corner intersection at Ocoee Crown Point Pkwy and Ocoee Apopka Rd
• Next to Ocoee Village Center, a new retail center that will include the four corners at SR-429 and Clarcona-Ocoee Road and will feature a 43,000 SF Walmart Neighborhood Market, restaurants, and retail stores
• Ocoee Village Center will include 320 luxury apartments and 232 townhomes as part of a larger planned development
• Adjacent to Fountains West, a Publix-anchored shopping center that ranks in the 80th percentile (2,049 out of 10,744) of all nationwide neighborhood centers according to Placer.ai
• The Publix ranks in the 86th percentile (193 out of 1,327) of all nationwide Publix locations
• Ideally positioned off State Highway 429 (84,500 VPD), a primary commuter thoroughfare serving the Orlando MSA
• The strong residential presence will provide a steady consumer base from which to draw along with Ocoee High School (2,484-students)