Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple interest in this 7-Eleven located at 4301 W Hillsborough Avenue in Tampa, Florida. Strategically positioned along one of Tampa’s most heavily traveled commercial corridors, the Property benefits from exceptional visibility, accessibility, and exposure to more than 69,000 vehicles per day. Situated on a large 2.67-acre parcel, the Property features a 4,040-square-foot freestanding building, fuel canopy with 12 pumps, 24 fueling positions, and a car wash, providing a highly functional layout. The Property is strategically located along West Hillsborough Avenue, a major east-west thoroughfare serving as a primary commuter artery connecting established residential neighborhoods, employment centers, Tampa International Airport, and the broader Tampa Bay region. The corridor generates substantial daily traffic from residents, commuters, airport passengers, visitors, and professionals traveling throughout the market. As one of Tampa’s established retail and transportation corridors, West Hillsborough Avenue benefits from significant commercial activity, strong accessibility, and a dense surrounding population base that collectively support consistent consumer demand. The immediate trade area features a strong concentration of national and regional retailers, including Walgreens, McDonald’s, Dunkin’, O’Reilly Auto Parts, Crunch Fitness, Buffalo Wild Wings, Applebee’s, Zaxby’s, and numerous others. Complementing the area’s robust retail presence is a dense concentration of residential communities, including Courtney Cove Apartments, Park Pointe Apartments, Coopers Pond, Lake Pointe Apartments, Legend Oaks, and Grady Square Apartments. Newer residential developments, including The Villas at Twin Lakes and Apex at Seminole Heights, further expand the surrounding population base and support long-term demand for fuel, convenience retail, and neighborhood services. A significant driver of the Property’s long-term performance is its proximity to Tampa International Airport, one of Florida’s premier transportation hubs and a major generator of passenger, employee, and commercial traffic throughout the surrounding area. The Property is further supported by a diverse collection of nearby economic and demand generators, including Raymond James Stadium, Steinbrenner Field, St. Joseph’s Hospital, surrounding business parks, and multiple higher education institutions. Together, these destinations contribute to a substantial daytime population and reinforce the Property’s strategic positioning within an established infill Tampa location. 7-Eleven originally executed a 15-year lease extending through March 2031, with four additional five-year renewal options and scheduled 10% rental increases every five years, providing investors with contractual rental growth and long-term income visibility. The lease is structured on an Absolute NNN basis, providing for zero landlord responsibilities and a passive investment structure backed by one of the world’s most recognized convenience retail brands. The Tampa-St. Petersburg-Clearwater metropolitan area is home to more than 3.1 million residents and remains one of the most dynamic growth markets in the Southeastern United States. Continued population growth, business relocation, employment expansion, tourism, and residential development have fueled sustained demand for well-located retail real estate throughout the region. The Property is exceptionally positioned to capitalize on these long-term fundamentals through its large 2.67-acre site, high-traffic infill location, proximity to Tampa International Airport, established surrounding retail and residential density, and long-term Absolute NNN lease to 7-Eleven.