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7-Eleven, Poinciana, FL

7-Eleven

Poinciana, FL

Price $6,854,000
Cap Rate 4.15%
NOI $284,436
Lease Term 15 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years After Year 10
Year Built 2021
Building Size 3,461 SF
Lot Size 1.37 Acres (59,677 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN 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 five (5) 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 investment for an out of- area investor
» 7-Eleven is the largest convenience retail chain in the world, with more than 77,000 stores worldwide

HIGH-VISIBILITY LOCATION IN POPULOUS AND GROWING FLORIDA SUBURB
» Hard corner location at the intersection of Marigold Avenue and Hemlock Avenue (14,100+ AADT)
» Population of 41,143 within a five-mile radius of the location, creating a reliable customer base for the site
» Surrounded by high-density single family housing developments and large townhouse complexes
» Population increase of 31 percent since 2010 within a five-mile radius of the site, demonstrating Poinciana’s recent rapid growth
» Projected 13 percent average annual household income increase within a five-mile radius of the site in the next five years, poising 7-Eleven and Poinciana for concurrent growth

CENTRAL LOCATION NEAR SCHOOLS AND COMMUNITY HUBS
» Surrounded by Poinciana’s most highly attended schools, including Laurel Elementary School and Lake Marion Middle School (combined 1,462 students)
» Serves as the second 7-Eleven location in Poinciana, creating limited competition for the property
» Beneficial proximity to major Poinciana community hubs, including Grenelefe Golf and Tennis Resort, Lake Marion, and Allen David Broussard Catfish Creek Preserve State Park
» Gateway to Orlando, the fourth-largest city in Florida (population 307,573)

NEW 2021 CONSTRUCTION IN A TAX-FREE STATE
» New 2021 construction built to latest 7-Eleven prototype, featuring six fuel pumps, a freestanding convenience store with a Laredo Taco Company restaurant, and a drive-thru car wash
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» Florida is an income tax free state



Property Description

The property has a hard corner location at the intersection of Marigold Avenue and Hemlock Avenue, with high visibility and easy access to 14,100+ vehicles per day. The site features a prime location in a populous and growing area, with 41,143 residents living within a five-mile radius of the property, creating a reliable customer base for the site. This 7-Eleven location greatly benefits from being surrounded by high-density single family housing developments and large townhouse complexes. The property resides in an area that has experienced recent rapid growth, with a population increase of 31 percent since 2010 within a five-mile radius of the site. With a projected 13 percent average annual household income increase within a five-mile radius of the site in the next five years, 7-Eleven and Poinciana are poised for significant concurrent growth.

Visibility to the property is increased by the site’s centralized location near large schools and community hubs. The site is surrounded by Poinciana’s most highly attended schools, including Laurel Elementary School and Lake Marion Middle School (combined 1,462 students). The location also serves as the second 7-Eleven location in Poinciana, creating limited competition for the property. The site is centrally located near major Poinciana community hubs, including Grenelefe Golf and Tennis Resort, Lake Marion, and Allen David Broussard Catfish Creek Preserve State Park. The property also benefits from its proximity to Orlando, the fourth-largest city in Florida (population 307,573).

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