7-Eleven 10143 Palm River Road, Tampa, FL Cap Rate 4.2% Tampa (Clair-Mel City, Florida, US ) Built

$3,750,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

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  • Type: Commercial
  • Style: Commercial
  • Size: 4,089 sq. ft.
  • Development Level: Built

Description

7-Eleven 10143 Palm River Road, Tampa, FL Cap Rate 4.2%

Cap Rate: 4.2%
NOI: $157,500
Building Size: 4,089 sqft
Occupancy: 100%
Year Built: 2020

DESCRIPTION
• The lease is corporate guaranteed by 7-Eleven, Inc., an investment grade tenant (S&P:AA-). 7-Eleven is a globally recognized, established convenience store and gas station operator and recently opened their 71,100th store in the world (July 2020)
• Brand new 15-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features a rare 10% rental increase every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Investor benefits from fee-simple ownership of the land
• No landlord responsibilities
• Ideal management-free investment in a state with no state income tax
• The site is strategically located at the signalized, hard corner intersection of Palm River Road and S. Falkenburg Road, averaging a combined 52,200 vehicles passing by daily
• Brand new construction featuring high quality materials used and 7-Eleven’s traditional styling
• Directly off Interstate 75 (165,000 VPD) and Selmon Expressway (66,500 VPD)
• The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers
• 7-Eleven is situated at the north entrance point of The Estuary, a 150-acre mixed-use development that fronts Interstate 75
• The Estuary includes national/credit tenants such as Bass Pro Shops, Topgolf, Dave & Buster’s, iFLY, Carvana and more, attracting customers from all over the state of Florida
• The Estuary brings in roughly 2.48 million customers on an annual basis with an average Length-of-Stay of 129 minutes.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#437407131
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Information is deemed to be correct but not guaranteed.