Vero Beach, FL - 7-Eleven

Description:

Brand New 15-Year Lease | Investment Grade Tenant (S&P: A) | Scheduled Rental Increases | Brand New Construction
• 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 (77,000 locations)
• The lease features a rare 10% rental increase every 5 years and at the beginning of each option period, increasing NOI and hedging against inflation
• Brand new construction featuring high quality materials used 7-Eleven’s traditional styling

Absolute NNN Lease | Zero Landlord Responsibilities | No Income Tax State | Accelerated Depreciation
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Investor benefits from fee-simple ownership of the building and land
• No landlord responsibilities
• Ideal management-free investment in a state with no state income tax
• This asset qualifies for 100% depreciation in 2022, contact broker for details

Across from Publix Anchored Center | Nearby Tenants | New Interchange | Interstate 95 | Direct Consumer Base
• 7-Eleven is located near the signalized, hard corner intersection of Oslo Road and 43rd Ave SW, featuring a combined average of 32,080 vehicles per day
• Oslo Road is currently being widened, and a new interchange is approved to connect it to Interstate 95 (57,000 VPD)
• The site is directly across from a Publix Anchored Shopping Center
• Other nearby tenants include Walgreens, CVS Pharmacy, Truist Bank, Winn-Dixie, and more
• Strong surrounding tenant synergy increases consumer draw to the immediate trade area and promotes crossover shopping to the site
• The property is surrounded by residential housing, creating a direct consumer base from which to draw

Strong Demographics In 5-Mile Trade Area
• More than 87,000 residents and 31,000 employees support the trade area
• $117,832 average household income in a 1-mile radius
• Over 2,800 new homes are planned in the county