7-Eleven Absolute NNN Lease 7755 West 4th Avenue, Hialeah, FL Cap Rate 4.3%

Cap Rate: 4.3%
NOI: $193,400.04
Building Size: 3,010 sqft
Lot Area: 1.08 acres
Lease Type: Ground
Year Built: Under Construction

Price: $4,498,000 USD

DESCRIPTION
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively market for sale the property leased to 7-Eleven located at 7755 W. 4th Avenue, Hialeah, FL.

This is a brand new built-to-suit for 7-Eleven, Inc. (S&P: AA-), which corporately guarantees the 15-year Absolute NNN lease. The lease features 10% increases every five years and includes two, 5-year options.

The property is located in Hialeah, FL, a dense suburb of Miami. This new 7- Eleven, which includes gas dispensers, will front on W. 4th Avenue (37,000 VPD). 216 brand new apartment units sit directly behind the store (currently under construction), a likely large contributor to convenience store sales.

HIGHLIGHTS
• Brand new construction
• Rare opportunity in Miami
• New 15-Year Absolute NNN Lease
• Top investment grade tenant (S&P: AA-)
• Sits in front of 216 unit proposed apartments
• Hialeah is the 10th-largest city in the USA among cities with a population of more than 10,000 people per square mile
• Florida has no state income tax

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