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7-Eleven, Orlando, FL

7-Eleven

Christmas, FL 32709

Price $4,903,000
Cap Rate 4.75%
NOI $232,865
Lease Term 15 Years
Lease Type NNN, Tenant Responsible for All Taxes, Insurance, and Maintenance Including Roof and Structure
Rental Increases 10% Rental Increases Every Five (5) Years, Starting in Year 11
Year Built 2021
Building Size 3,454 SF C-Store + 980 SF Car Wash
Lot Size 1.52 acres (66,211 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR NET LEASE TO ICONIC CORPORATE TENANT
» 7-Eleven, Inc. is an investment grade tenant with a “AA-” rating from Standard & Poor’s
» New 15-year absolute NNN lease with four (4) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years starting in year 11, providing a hedge against inflation
» Absolute NNN lease requires zero landlord management, making it an ideal for an out-of- area investor
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide

HIGH-TRAFFIC LOCATION AT THE ENTRANCE TO A LARGE RESIDENTIAL DEVELOPMENT
» Excellent visibility and access to 18,000 vehicles per day in front of the store along State Route 520, which converges with East Colonial Drive (25,087 vehicles per day) less than a mile from the site
» State Route 520 connects coastal traffic from the Kennedy Space Center and Cape Canaveral Air Force Station (population of 10,449+) with Orlando, located 25 miles away from the site
» $98,620 Average Household Income within one mile of the property
» Average household income expected to Increase by more than 10% in the next five years poising the area for major growth
» The property is located next to a Family Dollar, which is the only general or grocery store within five (5) minutes of the area’s residential region

NEW Q1 2021 CONSTRUCTION AND DRIVE-THRU CAR WASH
» High-quality construction scheduled to be completed in early 2021
» Features six fuel pumps, a freestanding C-store, and a drive-thru car wash for added customer convenience



Property Description

The property is strategically located just off the signalized intersection of State Route 520 and Maxim Parkway, with excellent visibility and access to 18,000 vehicles per day. The surrounding area is affluent with an average household income within one mile of the property of $98,620. The average household income is expected to increase by more than 10% in the next five (5) years poising the area for major growth. State Route 520 is major east-west highway connecting Orlando to the coast and becomes one of the main commercial corridors in Cocoa, Florida.

The property is ideally located at the entrance to a large residential development and is surrounded by many local attractions. The surrounding area has many wildlife areas including Tosohatchee Wildlife Management Area, Hal Scott Regional Preserve, and Pine Lily Preserve, which all draw visitors for outdoor recreational activities. The property is located next to a Family Dollar, which is the only general or grocery store within five (5) minutes of the area’s residential region.

Contact Us About This Property

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