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7 Eleven, Lake Nona

Narcoossee Rd & Laureate Blvd, Orlando, FL 32832

Listing Price: $4,871,794

Cap Rate
3.90%
Tenant Name
7-ELEVEN
Years Remaining On Lease
0.2
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$1,082.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.22

Investment Overview

Marcus & Millichap is pleased to present for sale this Brand-New
Absolute Net Leased 7-Eleven located adjacent to the South West
Corner of Narcoossee Road and Laureate Blvd in Orlando, Florida.
The freestanding single-tenant property consists of a 4,500 Sq.Ft
Convenience Store, Fueling Stations, and Car Wash Facility and is
situated on a 1.34-acre parcel of land.
The property is located in the heart of Lake Nona, a 17-squaremile,
integrated and collaborative community designed and built
from scratch in Orlando and anchored by clusters of excellence in
wellbeing, sports and performance, education and technology. The
subject property is also part of Lake Nona Greenwood a new 46.80-
acre mixed used development comprised of 306 Apartments and
several commercial lots featuring Regions Bank, Bank of America,
Wash City Car Wash, El Meson, Little Gym, Pristine Spa, Noire Nail
Bar, Tijuana Flats, and Kumon Learning Center. The immediate trade
area is also home to Publix, Chase Bank, Smoothie King, Burger Fi,
First Watch, Chick-Fil-A, and numerous strip centers made up of
National and Regional Tenants.
7-Eleven executed a 15 Year Absolute NNN Lease with attractive
rental increases. The lease is backed by 7-Eleven Corporate with
an S&P Rating: AA-. This brand new 7-Eleven is currently under
construction and is expected to be completed in the early days of
September 2022.
7-Eleven is the worlds largest operator, franchisor and licensor of
convenience stores with approximately 68,000 stores in 18 countries.
In the 10,500 stores in North America, 7-Eleven offers over 2,500
different products and services.

Investment Highlights

  • Brand New Construction 7-Eleven
  • Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
  • No Landlord Responsibilities | 15 Year Absolute NNN Lease
  • Attractive Rent Growth | 15% Every 5 Years During Initial Term
  • Located within Lake Nona, a 17-square-mile, in Orlando
  • Lake Nona is one of the fastest-selling communities in the U.S

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

7 Eleven, Lake Nona

Listing Price: $4,871,794

Cap Rate
3.90%
Tenant Name
7-ELEVEN
Years Remaining On Lease
0.2
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$1,082.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.22

Investment Highlights

  • Brand New Construction 7-Eleven
  • Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
  • No Landlord Responsibilities | 15 Year Absolute NNN Lease
  • Attractive Rent Growth | 15% Every 5 Years During Initial Term
  • Located within Lake Nona, a 17-square-mile, in Orlando
  • Lake Nona is one of the fastest-selling communities in the U.S

Investment Overview

Marcus & Millichap is pleased to present for sale this Brand-New
Absolute Net Leased 7-Eleven located adjacent to the South West
Corner of Narcoossee Road and Laureate Blvd in Orlando, Florida.
The freestanding single-tenant property consists of a 4,500 Sq.Ft
Convenience Store, Fueling Stations, and Car Wash Facility and is
situated on a 1.34-acre parcel of land.
The property is located in the heart of Lake Nona, a 17-squaremile,
integrated and collaborative community designed and built
from scratch in Orlando and anchored by clusters of excellence in
wellbeing, sports and performance, education and technology. The
subject property is also part of Lake Nona Greenwood a new 46.80-
acre mixed used development comprised of 306 Apartments and
several commercial lots featuring Regions Bank, Bank of America,
Wash City Car Wash, El Meson, Little Gym, Pristine Spa, Noire Nail
Bar, Tijuana Flats, and Kumon Learning Center. The immediate trade
area is also home to Publix, Chase Bank, Smoothie King, Burger Fi,
First Watch, Chick-Fil-A, and numerous strip centers made up of
National and Regional Tenants.
7-Eleven executed a 15 Year Absolute NNN Lease with attractive
rental increases. The lease is backed by 7-Eleven Corporate with
an S&P Rating: AA-. This brand new 7-Eleven is currently under
construction and is expected to be completed in the early days of
September 2022.
7-Eleven is the worlds largest operator, franchisor and licensor of
convenience stores with approximately 68,000 stores in 18 countries.
In the 10,500 stores in North America, 7-Eleven offers over 2,500
different products and services.

Exclusively Listed By

Financing By

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