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7-Eleven 1290 E Lake Rd S 2,940 SF Retail Building Tarpon Springs, FL 34688 $4,919,400 ($1,673.27/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Top Performing Store Nationwide (Per AlphaMaps): Ranked in the 99th percentile nationally for customer foot traffic
- Strong Site Commitment: 7-Eleven recently executed a 10-year lease extension, underscoring long-term commitment to this location
- Bonus Depreciation Eligible: Gas stations qualify for bonus depreciation which allows you to write off the majority of the purchase in year one
- Absolute NNN Lease: Structured as an absolute NNN lease, providing 100% passive income with zero landlord responsibilities
- Investment Grade Credit: 7-Eleven carries an “A-” credit rating from Standard & Poor’s, offering exceptional income security
- Attractive Rental Growth: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 22-27-16-23970-000-0010 | Improvements Assessment | $796,435 |
| Land Assessment | $498,565 | Total Assessment | $1,295,000 |
PROPERTY TAXES
CONTACTS
-
Jake Lurie -
Daniel Gonzalez -
Andrew Doerr -
Harrison Groom -
Matthews Real Estate Investment Services
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7-Eleven | 1290 E Lake Rd S
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