Hialeah Gardens, FL - 7-Eleven

Description:

• 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 (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
• 2024 construction will feature high-quality materials, high-level finishes, and distinct 7-Eleven design elements

• The site is located at the signalized, hard corner intersection of NW 138th St and NW 102nd Ave
• There are several nearby industrial users that will provide a steady consumer base from which to draw
• Adjacent to the first phase of the newly built Emerald Bay Apartments that features 300+ units; the second phase will feature an additional 300 units
• 7-Eleven is across from the Aztec Group’s 70-acre mixed-use development that features the Residences of Highland (244 units in four and five-story buildings) and the Shoppes of Highland (190,000 SF Publix-anchored power center)
• Just West of Paraiso Plaza, also anchored by Publix, and ranked in the top 84%(1,678 out of 10,816) of all nationwide neighborhood centers according to Placer.ai