Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Fee Simple 7-Eleven, located at 4301 W Hillsborough Avenue in Tampa, Florida. The property features a 4,040 square-foot free standing building, a canopy with twelve gas pumps and twenty-four nozzles, a carwash, and is situated on a large 2.67-acre parcel. Strategically positioned along Hillsborough Avenue, a major East-West thoroughfare, the property enjoys prime retail positioning, with tremendous visibility and exposure to more than 69,000 vehicles per day. The immediate trade area boasts a diverse mix of high-profile national and regional retailers, including Dunkin, O’Reilly Auto Parts, Zaxby’s, Hooters, Circle K, TD bank, Truelieve, Wells Fargo, AutoZone, and many others. The immediate trade area includes numerous apartment communities, such as Courtney Cove Apartments, Park Pointe Apartments, Coopers Pond, Lake Pointe Apartments, Legend Oaks, and Grady Square Apartments. Additionally, several new residential developments, including The Villas at Twin Lakes and Apex at Seminole Heights, continue to fuel population growth and demand for retail services. The property is also surrounded by multiple colleges and universities, driving strong daytime traffic and a steady customer base. Nearby institutions include South University (7,707 enrolled students), Hillsborough Community College (27,955 enrolled students), National Louis University (4,425 enrolled students), and Arizona College of Nursing (320 enrolled students). Tampa is the largest city in the Tampa Bay Area, with a population exceeding 403,000, making it the third-most populous city in Florida, following Jacksonville and Miami. As part of the Tampa-St. Petersburg-Clearwater Metropolitan Area, the region boasts a growing population of over 3.1 million residents. Tampa is also home to several Fortune 1000 companies, including Bloomin’ Brands, WellCare, Jabil, TECO Energy, and Raymond James Financial, reinforcing the area’s strong economic base. 7-Eleven executed a 15-year lease in 2016 which runs through March 29, 2031, with four additional five-year renewal options and 10 percent rent increases every five years. 7-Eleven, Inc. is the premier name in the convenience-retail industry. It is based in Irving, Texas and operates, franchises, and/or licenses more than 13,000 stores in the United States and Canada.