Auto Service - Gas-Conv

7-Eleven Ground Lease

10025 S Orange Ave, Orlando, FL 32824

Listing Price: $1,615,000

Cap Rate
4.75%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
2.80
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.58

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Signalized, Hard Corner site located at the intersection of S. Orange Avenue & Tradeport Drive - Strategically located at the entrance of AIPO, Central Florida’s premier industrial park with over 7 million square feet currently developed and land to expand to over10 million square feet - Direct access along Orange Ave. (heading north) and Tradeport Dr. (heading east) - Robust traffic counts of ± 33,000 VPD along S. Orange Avenue & ±22,000 VPD along Tradeport Drive - No state income tax in Florida - Highly supportive market-level demographics with ±150,160 population (±51,122 households) and ±183,452 daytime population within a 5-mile radius - 20-minute drive-time demographics of ±527,103 population and ±671,154 daytime population - Adjacent to Orlando International Airport, 2.5 miles from Florida Turnpike, and 5.6 miles from Interstate 4 OPTIMAL LEASE STRUC TURE - 7-Eleven Corporate Guaranty - Fee-simple Absolute NNN Ground Lease with ZERO landlord responsibilities - Fundamentally low rent well below market - Investment-grade credit rating - S&P (AA-/Stable Outlook) - 10% rent escalations every five (5) years in base term & option periods - Six (6) five-year options CATEGORY-LEADING TENANT - World's Largest Convenience Retailer with over 69,000 locations globally and 11,800 located in North America - Ranks #278 on Forbes' "World's Largest Companies" in 2019 with $61.6 billion in revenue and a $30.3 billion market cap - Seven & I Holdings, 7-Eleven's parent company, plans to double its store count in the U.S. by 2027 - #10 on the Franchise 500 in 2019 by Entrepreneur.com - Ranked on Fast Company Magazine's World's Top 10 Most Innovative Companies in Retail

Investment Highlights

  • Fundamentally low rent well below market
  • Adjacent to Orlando International Airport, 2.5 miles from Florida Turnpike, and 5.6 miles from Interstate 4
  • 7-Eleven Corporate Guaranty
  • Fee-simple Absolute NNN Ground Lease with ZERO landlord responsibilities
  • Signalized, Hard Corner site located at the intersection of S. Orange Avenue & Tradeport Drive
  • Robust traffic counts of ± 33,000 VPD along S. Orange Avenue & ±22,000 VPD along Tradeport Drive

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Auto Service - Gas-Conv

7-Eleven Ground Lease

Listing Price: $1,615,000

Cap Rate
4.75%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
2.80
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.58

Investment Highlights

  • Fundamentally low rent well below market
  • Adjacent to Orlando International Airport, 2.5 miles from Florida Turnpike, and 5.6 miles from Interstate 4
  • 7-Eleven Corporate Guaranty
  • Fee-simple Absolute NNN Ground Lease with ZERO landlord responsibilities
  • Signalized, Hard Corner site located at the intersection of S. Orange Avenue & Tradeport Drive
  • Robust traffic counts of ± 33,000 VPD along S. Orange Avenue & ±22,000 VPD along Tradeport Drive

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Signalized, Hard Corner site located at the intersection of S. Orange Avenue & Tradeport Drive - Strategically located at the entrance of AIPO, Central Florida’s premier industrial park with over 7 million square feet currently developed and land to expand to over10 million square feet - Direct access along Orange Ave. (heading north) and Tradeport Dr. (heading east) - Robust traffic counts of ± 33,000 VPD along S. Orange Avenue & ±22,000 VPD along Tradeport Drive - No state income tax in Florida - Highly supportive market-level demographics with ±150,160 population (±51,122 households) and ±183,452 daytime population within a 5-mile radius - 20-minute drive-time demographics of ±527,103 population and ±671,154 daytime population - Adjacent to Orlando International Airport, 2.5 miles from Florida Turnpike, and 5.6 miles from Interstate 4 OPTIMAL LEASE STRUC TURE - 7-Eleven Corporate Guaranty - Fee-simple Absolute NNN Ground Lease with ZERO landlord responsibilities - Fundamentally low rent well below market - Investment-grade credit rating - S&P (AA-/Stable Outlook) - 10% rent escalations every five (5) years in base term & option periods - Six (6) five-year options CATEGORY-LEADING TENANT - World's Largest Convenience Retailer with over 69,000 locations globally and 11,800 located in North America - Ranks #278 on Forbes' "World's Largest Companies" in 2019 with $61.6 billion in revenue and a $30.3 billion market cap - Seven & I Holdings, 7-Eleven's parent company, plans to double its store count in the U.S. by 2027 - #10 on the Franchise 500 in 2019 by Entrepreneur.com - Ranked on Fast Company Magazine's World's Top 10 Most Innovative Companies in Retail

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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