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7-Eleven - Tampa FL 1001 S Us Highway 301 2,669 SF Retail Building Tampa, FL 33619 $5,102,078 CAD ($1,911.61 CAD/SF) 4.75% Cap Rate
Investment Highlights
- 14+ Years Remaining | Options To Extend | Annual Rental Increases | Corporate Signature | Bonus Depreciation Eligible
- Signalized Hard Corner Location | Strong Retail Sales | Excellent Visibility & Access Prime Retail Corridor
- Strong Trade Area Demographics
- Absolute NNN | Zero Landlord Responsibilities | No State Income Tax
- Tampa - Nearby Developments
Executive Summary
• 7-Eleven has 14+ years remaining on the lease, with five 5-year renewal options, demonstrating its long-term commitment to the site
• The lease features annual 1.04% rental increases throughout the primary term and each option period, driving NOI growth and providing a built-in hedge against inflation
• The lease is signed by 7-Eleven, Inc., investment grade (S&P: A-), a globally recognized and established convenience store/gas operator (14,000+ U.S. sites)
• Fee-simple ownership of a convenience store may qualify for accelerated depreciation (see page 9 for additional details). Please consult with a qualified tax advisor regarding potential tax benefits.
• In April 2014, 7-Eleven’s $1.8B acquisition of Sunoco, LP was announced, approved by shareholders in August 2014, and finalized in January 2018; the transaction included the acquisition of roughly 1,108 stores across 18 states
• More info HERE and HERE
• The lease features annual 1.04% rental increases throughout the primary term and each option period, driving NOI growth and providing a built-in hedge against inflation
• The lease is signed by 7-Eleven, Inc., investment grade (S&P: A-), a globally recognized and established convenience store/gas operator (14,000+ U.S. sites)
• Fee-simple ownership of a convenience store may qualify for accelerated depreciation (see page 9 for additional details). Please consult with a qualified tax advisor regarding potential tax benefits.
• In April 2014, 7-Eleven’s $1.8B acquisition of Sunoco, LP was announced, approved by shareholders in August 2014, and finalized in January 2018; the transaction included the acquisition of roughly 1,108 stores across 18 states
• More info HERE and HERE
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,669 SF
Building Class
B
Year Built/Renovated
1986/1998
Price
$5,102,078 CAD
Price Per SF
$1,911.61 CAD
Cap Rate
4.75%
NOI
$242,401 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
CI
Parking
10 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-24-29-19-1OW-000000-J0000.1 | Improvements Assessment | $518,674 CAD |
| Land Assessment | $582,409 CAD | Total Assessment | $1,101,084 CAD |
Property Taxes
Parcel Number
U-24-29-19-1OW-000000-J0000.1
Land Assessment
$582,409 CAD
Improvements Assessment
$518,674 CAD
Total Assessment
$1,101,084 CAD
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7-Eleven - Tampa FL | 1001 S Us Highway 301
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