Listed by Secure Net Lease
$6,425,633
7-Eleven Riverview, FL
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,010
Pumps 8
Cap Rate 4.9%
NOI $314,856
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/01/2035
Remaining Term 9
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $2,135
Year Built 2020
Acreage 1.870
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2020
Ground Lease No
Signalized Hard Corner with Car Wash | Minutes from Tampa MSA, One of the Fastest Growing in U.S.
Marketing description
7-Eleven with Car Wash located at 12204 Balm Riverview Road, Riverview, FL 33579. This is a premier net lease investment opportunity featuring 10+ Years Remaining on Initial 15-Year NNN Lease with 7-Eleven, Inc.
Riverview is ranked as one of the 'Best Small Cities to Live in' by CNN Money. The property is located minutes from Tampa, the 3rd largest city in Florida and one of the fastest growing in the US. The investment qualifies for Accelerated Depreciation with 100% Bonus Depreciation.
High traffic location on hard corner with 29,500+ VPD (vehicles per day). The property is situated at Balm Riverview Rd. & Rhodine Rd, one of Riverview's main intersections with 25,500 VPD on Balm Riverview Rd.
Investment highlights
- 10+ Years Remaining on Initial 15-Year NNN Lease with 7-Eleven, Inc.
- Riverview Ranked as One of the 'Best Small Cities to Live in' by CNN Money
- Located Minutes from Tampa, the 3rd Largest City in Florida and One of the Fastest Growing in the US
- Qualifies for Accelerated Depreciation
- High Traffic Location on Hard Corner (29,500+ VPD)
- 7-Eleven (S&P rated A) operates in 20 countries and employs over 167,000 people and is the largest chain store operator in the world with 85,000+ stores, 15,000 of which are in North America.
- 7-Eleven Ranked #1 on Entrepreneur Magazine's Top 500 Franchises List and one of Fast Company magazine's World's Top 10 Most Innovative Companies in Retail
- Located at Balm Riverview Rd. & Rhodine Rd, one of Riverview's main intersections. 25,500 VPD on Balm Riverview Rd.
- Minutes from Downtown Tampa, the third-largest city in Florida. Top Employers: Publix (13,000+ employees), University of South Florida (9,000+ employees), WellCare (6,000+ employees)
- More than 50K people move to Tampa Bay area each year making the region one of the fastest growing in the nation
- Neighboring Tenants Include: Publix, McDonald's, Starbucks, Buffalo Wild Wings, Sprint, AT&T, Walgreen's, Tractor Supply, Panda Express.
- CNN Money Ranked Riverview as One of the 100 Best Small Cities to Live in the U.S.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$314,856.00
$26,238.00/mo
Valuation Metrics
0
DSCR
4.9%
Cap Rate
4.9%
ROI
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