7-Eleven Investment Opportunity in Orlando Florida

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7-ELEVEN NNN Corporate Leased Store $3,150,000 6.5% Cap Rate $204,900 Annual Rent

Transcript of 7-Eleven Investment Opportunity in Orlando Florida

Page 1: 7-Eleven Investment Opportunity in Orlando Florida

7-ELEVEN NNN Corporate Leased Store

$3,150,000 6.5% Cap Rate

$204,900 Annual Rent

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3148 SOUTH GOLDENROD RD, ORLANDO, FLORIDA 32822

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LEASE TERMS

• Original 15 Year Lease Commenced 6-14-1998

• 7-Eleven Exercised 1st Option January 1, 2014

• Current Rent is $204,900

• Second Option Begins January 1st 2019

• Rent Will Increase 10% to $225,396

• Third Option Begins January 1st 2024 & Ends December 31st 2029

• Rent Increase Another 10% to $247,932

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PROPERTY DESCRIPTIONThe subject property is a freestanding 7 Eleven Convenience Store located in Orlando, Florida.The Property was developed for 7 Eleven in 1999 and consists of a ± 1.9 acre parcel of landimproved with ± 2,990 sf convenience store with 3 gas islands and canopies. 7 Eleven is at thenorthwest corner of So. Goldenrod Rd. (S.H. 551) and Pershing Ave. (combined trafficcount of 65,000 vehicles per day) Sharing this intersection are Advance Auto, AutoZone,a small animal hospital and an independent gas station. Goldenrod Rd. is a 4 lane north/southstate highway on the east side of Orlando, a few miles north of the Orlando Int’l Airport. Nearbytraffic generators are Beall’s, Save-a-lot Grocery, Family Dollar and Wendy’s. 7 Eleven is situatedbetween a Winn Dixie / CVS Pharmacy center 1mile to the north and a Walmart Supercenter1 mile to the south. The surrounding area is largely developed with residential neighborhoods.

7 Eleven maintains a Standard & Poors Credit Rating of AA-, one of the highest ratings of any U.S. retailer. Investors should consult with theiraccountant about the ability to accelerate depreciation of the improvements.

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For More InformationCall

Will Beaubien415-840-2769