6270 150th Ave N - Convenience Store FOR SALE


Clearwater, FL 33760
$3,495,000 USD
480-221-4221
6270 150th Ave N, Clearwater, FL for Sale
$3,495,000 USD
Convenience Store - FOR SALE
1/8
null | 5% Cap Rate

6270 150th Ave N
Clearwater, FL 33760


HIGHLIGHTS

  • New, 15-Year Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • US Highway 19 (103,000 VPD) | Tri-City Plaza | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 7-Eleven investment property located in Satellite Beach, Florida. The tenant, 7-Eleven, recently signed a brand new, 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 2% rental increase in year 2 and 10% rental increases in year 11 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$1,322 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | New 15yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

CN

APN/PARCEL ID

05-30-16-70920-200-0101

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.