Overview

Description

A corporate absolute NNN 7-Eleven with a brand-new 15-year lease extension in place which features 10% rental increases every 5 years. The subject property is the top 25% most visited 7-Eleven nationwide (Placer.ai), located on a heavily trafficked, signalized hard corner intersection in Orlando – the Theme Park Capital of the World averaging 75M+ annual visitors.

Highlights

• An absolute NNN single-tenant 7-Eleven in sprawling Orlando MSA
• Brand-new 15-year lease extension fully guaranteed by 7-Eleven, Inc. – the largest convenience store/gas station retailer in the world
• 10% rental increases during the primary term and option periods, providing an investor with a hedge against inflation
• 7-Eleven, Inc. features an investment grade credit rating (S&P: “A”) and 2023 revenues totaled $81.33B
• The subject property is located on the heavily trafficked, hard corner signalized intersection of W Colonial Road and N State Road 545 featuring a combined VPD of 46,700
• Excellent residential demographics – 110,567 residents and average household incomes of $123,403 within a 5-mile radius of the property
• Orlando is known as the “Theme Park Capital of the World,” home to Walt Disney World Resort, Universal Orlando Resort, SeaWorld Orlando, EPCOT Center, and more
• 75M annual visitors flood Orlando’s numerous theme parks making it the #1 most visited destination in America

Documents

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