7-Eleven
Absolute Net | 2019 Construction | Qualifies for 100% Bonus Depreciation | Actual Property Photo
Marketing description
Introducing 7-ELEVEN at 9401 49th St N, Pinellas Park, FL 33782! This 2019 construction is an absolute net investment opportunity that qualifies for 100% bonus depreciation. With a solid "A"-rated corporate guaranty, this property boasts nearly 9 years of remaining primary term with 10% rent increases every 5 years.
Situated on a prime corner lot with high traffic exposure, this 7-Eleven features modern amenities like 6 fuel dispensers and 12 fuel stations. Located in a densely populated area within a growing market, the property benefits from over 15,000 residents within a mile and an average household income exceeding $83,000 within a 3-mile radius.
The property offers a fee simple ownership structure and a lease with 4, 5-year options. With a tenant as reputable as 7-Eleven Inc., this investment opportunity promises a steady income stream and a cap rate of 4.9%. Don't miss out on owning a piece of this thriving commercial property in sunny Florida’s Pinellas County!
Investment highlights
Absolute NNN 7-Eleven | Zero Landlord Responsibilities | Backed By An “A”-Rated Corporate Guaranty | Nearly 9 Years Of Remaining Primary Term | 10% Rent Increases Every 5-Years
2019 Next-Generation 7-Eleven Featuring 6-Fuel Dispensers, 12-Fuel Stations | Modern Construction
Qualifies For 100% Bonus Depreciation | Tax Incentive | Florida Is An Income Tax-Free State
Strategically Positioned On A Signalized Hard Corner With Direct Exposure To U.S. Highway 19 (72,000+ VPD) And 49th Street (36,000+ VPD), One Of Pinellas County’s Most Heavily Trafficked Corridors
Pad Site To The Gateway At Pinellas - A 288-Unit Luxury Apartment Building Built In 2020
Located In Pinellas County | Infill, Supply-Constrained Market - Limited Developable Land | High Barrier To Entry Market
Densely Populated Area | Over 15,447 People Within 1 Mile | 81,169 Within 3-Miles | 261,786 Within 5-Miles
Average Household Income Within 3-Miles Exceeds $83,817 And $87,627 Within 5-Miles
Situated Within The Tampa–St. Petersburg MSA, One Of Florida’s Fastest-Growing Regions, Benefiting From Strong In-Migration, A Diversified Employment Base, And No State Income Tax
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