7-Eleven

290 Lakeland Park Boulevard, Lakeland, FL

$4,656,000

Price

5.25%

Cap Rate

$244,440

NOI

Overview
Cap Rate
5.25%
NOI
$244,440
Building Size
2,924 sqft
Lot Area
1.59 acres
Lease Type
Triple Net
Year Built
1999
Tenancy
Single
Lease Expire Year
07/31/2028
Description

7-Eleven Gas Station (Investment Grade Tenant): S&P AA- Rated Credit Tenant
-Recently extended Lease with over 8 years remaining on the primary term speaking to the strength of the location
-7% rental increase in 2023
-Three 5-year options with 7% increases
-Absolute NNN lease with no Landlord maintenance responsibilities

Signalized Hard Corner Location: Located just off Highway 4 at the signalized intersection of Lakeland Park Boulevard and Socrum Loop Road

Dense Infill Location / Exceptional Growth: 3-mile population of 54,650 people; expected to increase 15.68% by 2024

24-hour Location Offering Beer and Wine Sales

Seasoned Location: 20-year operating history

Income Tax Free State

Documents
Title
CLICK HER FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery