BONUS DEPRECIATION ELIGIBLE
- The sale offers land and improvements, allowing for buyer to take 100% Bonus Depreciation
GREAT LEASE FUNDAMENTALS
- 15 Year Lease with 10% bumps every 5 years and in extension periods
- Abs. NNN lease providing zero landlord responsibilities
- Passive investment
CORPORATE BACKED INVESTMENT GRADE TENANT
- 7-Eleven’s parent company, Seven-Eleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
HIGH VISIBILITY OFF BUSY US HWY 41
- In the Top 30% of Convenience Stores Nationwide (Placer.ai)
- Excellent exposure along a major retail and commuter corridor
- Located on a hard corner, the site provides unmatched visibility and access along US Hwy 41 with 33,000 VPD
INFILL LOCATION
- 5 miles from downtown Tampa
- Within a 1-mile radius the retail vacancy rate sits at 0% while multifamily rent growth YoY is up 8.8%
- Site benefits from a limited retail supply pipeline and the dense residential neighborhoods of East Tampa
RETAIL SYNERGY & YOUNG DEMOGRAPHICS
- The immediate trade area serves a younger population with Tampa seeing outsized growth in residents age 25- 44 a demographic that over indexes on convenience retail, prepared food and grab-and-go purchases
- Proximity to University of South Florida and surrounding campuses stable young professional presence & reinforce long term consumer demand
RECENT 15-YEAR SALE-LEASEBACK AT LOCATION
- 7-Eleven recently executed a new 15-year NNN sale-leaseback at this location, demonstrating their commitment and long-term viability at the site