7-Eleven Absolute-Net (NNN) Corporate Guaranteed Lease

8269 Clarcona Ocoee Rd, Orlando, FL 32818, USA
$3,818,181

Description

Marcus & Millichap is pleased to exclusively offer a fee simple interest in this 7-Eleven gas station located in Orlando, Florida. This absolute triple net lease has approximately 13 years remaining with attractive 10 percent increases in the base term and each of the two, five-year option periods. The lease is corporately guaranteed by 7-Eleven, Inc., an investment grade, rated “AA-“ company by Standard & Poor’s. This NNN fee-simple offering is located at the signalized intersection of North Apopka Vineland and Clarcona Ocoee Road with traffic counts exceeding 32,000 Vehicles Per Day. In 2015, 7-Eleven agreed to extend the base term of the lease for an additional ten years, showing strong commitment to the site. An investor will benefit from a 10 percent increase which will occur in 2020, bringing the return up to a 6.05 Percent Cap Rate. This 7-Eleven is located on a large 1.02 Acre Parcel of Land and benefits from a population exceeding 207,000 People in a five mile radius. For investors that are tax oriented, this offering provides unique benefits. Unlike most 7-Eleven offerings, this offering is fee simple providing the potential for an accelerated deprecation schedule. Please speak to listing agents for details.

 

■ CORPORATE GUARANTEED 7-ELEVEN WITH GAS: 13 YEARS ON THE BASE TERM OF THE LEASE WITH TWO (5 YEAR) RENEWAL OPTIONS
■ TENANT EXTENDED THE LEASE AN ADDITIONAL 10 YEARS IN 2015, SHOWING STRONG COMMITMENT TO THE SITE
■ FAVORABLE 10 PERCENT RENTAL INCREASES EVERY FIVE YEARS THROUGHOUT THE INITIAL TERM AND OPTIONS
■ 10 PERCENT INCREASE IN 2020 MAKING IT A 6.05 PERCENT CAP RATE
■ RARE FEE SIMPLE OFFERING PROVIDES ACCELERATED
DEPRECIATION TO AN INVESTOR
■ 7-ELEVEN IS THE WORLD’S LARGEST CONVENIENCE STORE
CHAIN OPERATING, FRANCHISING, AND LICENSING MORE THAN 56,400 STORES IN 18 COUNTRIES
■ FEATURES EASY ACCESS AND EXCELLENT VISIBILITY AT THE HARD CORNER OF NORTH APOPKA VINELAND AND CLARCONA OCOEE ROAD TO DAILY TRAFFIC COUNTS IN EXCESS OF 32,000 PLUS VEHICLES PER DAY
■ EXCELLENT DEMOGRAPHICS; OVER 207,000 PEOPLE IN A FIVE MILE RADIUS
■ FLORIDA HAS NO STATE INCOME TAX

Property Documents

  • 7-eleven-orlando-florida-om-package
  • Address: 8269 Clarcona Ocoee Rd
  • City: Orlando
  • State/county: Florida
  • Zip/Postal Code: 32818
  • Country: United States

Detail

  • Price: $3,818,181

Additional details

  • CAP Rate: 5.50%
  • NOI: $210,000

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