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7-Eleven 1290 E Lake Rd S 2,940 SF Retail Building Tarpon Springs, FL 34688 $6,738,151 CAD ($2,291.89 CAD/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
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
7-Eleven began in 1927 and grew from an early convenience concept into a global convenience retailer. The company operates, franchises, and licenses a broad store network in the United States and Canada, and its brand family includes Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits. 7-Eleven also offers proprietary services and products such as 7NOW, 7Rewards, Speedy Rewards, and 7-Eleven Fleet, reflecting a business that spans retail, foodservice, fuel, and digital convenience. The company presents itself as the world’s first convenience retailer and continues to focus on serving customer needs across its store and brand portfolio.
| 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 | $1,090,885 CAD |
| Land Assessment | $682,889 CAD | Total Assessment | $1,773,774 CAD |
Property Taxes
Contacts
-
Jake Lurie -
Daniel Gonzalez -
Andrew Doerr -
Harrison Groom -
Matthews Real Estate Investment Services
Presented by
7-Eleven | 1290 E Lake Rd S
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