Tampa, FL - 7-Eleven 10906 N. Nebraska Avenue, Tampa, FL Cap Rate 4.7%

Cap Rate: 4.7%
NOI:$193,607
Building Size: 3,010 sqft
Occupancy100%
Year Built: 2021

Price: $4,120,000 USD

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
• Relocation of existing store without fuel and operating since 1977

• The site is strategically located at the signalized, hard corner intersection of Nebraska Avenue and E 109th Avenue, averaging a combined 30,700 vehicles passing by daily
• Nebraska Avenue/US Highway 41 is a primary retail corridor running parallel with Interstate 275 (170,000 VPD)
• Brand new construction featuring high quality materials used and 7-Eleven’s traditional styling
• Offering includes a 7-Eleven branded convenience store and 6-premium pump stations
• The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers
• More than 325,000 residents and 148,000 employees support the trade area
• Features an average household income of $99,769

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
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