Investment Highlights
- Brand New, 15-Year, Triple Net (NNN) Lease, Full Term Remaining
- Corporate Guarantee With 7-Eleven, Inc.
- Currently Under Construction and Opening Approximately April 1, 2024
- This Location Will Feature Two Popular Restaurant Concepts That Are Operated by 7-Eleven – Laredo Taco Company and Raise the Roost Chicken – First Location in S. Florida to Feature These Restaurants, Showing an Extremely High Commitment to This Location
- 10 Percent Rent Increases Every Five Years Throughout the Base Term and Option Periods
- Significant New Construction in Immediate Area with Over 1,000 Multifamily Units and Multiple Retail Projects to be Completed Soon, Including a Publix-Anchored Center
- Directly Across the Street from Two Brand-New, Luxurious Multi-Family Communities and a Publix-Anchored Retail Center – All Opening Soon; More New Retail Coming to the Area Include Harbor Freight Tools, Pet Supermarket, Dollar Tree, Advance Auto Parts, and Chick-fil-A; Several Large Industrial Projects Also Recently Developed Within Walking Distance
- Surrounding National Retailers Include Walmart Neighborhood Market, Publix, The Home Depot, Aldi, Sedano’s Grocery Store, Ross, Planet Fitness, Party City, Dollar General, Wawa, Metro by T-Mobile, AutoZone, Wells Fargo, Chase Bank, GNC, Verizon, Starbucks, IHOP, McDonald’s, Taco Bell, Chipotle, CVS, Walgreens and Many More
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a brand new 7-Eleven convenience store and gas station located in Hialeah Gardens, FL (part of the Miami MSA). Currently under construction and opening approximately April 1, 2024. This location has a brand new, 15-year, triple net (NNN) lease with full term remaining and 10 percent rent increases every five years throughout the base term and option periods. The property features a corporate guarantee with 7-Eleven, Inc.
This location will feature two popular restaurant concepts that are operated by 7-Eleven – Laredo Taco Company and Raise the Roost Chicken. This will be the first location in south Florida to feature these restaurants, showing extremely high commitment to this location. The property qualifies for tax benefits of both accelerated depreciation and bonus depreciation—contact your tax advisor for details.
The subject property is located directly across the street from two brand-new, luxurious multi-family communities and a Publix-anchored retail center – all opening soon. More new retail coming to the area include Harbor Freight Tools, Pet Supermarket, Dollar Tree, Advance Auto Parts, and Chick-Fil-A. The population is over 100,000 within a three-mile radius, and nearly 300,000 in five miles with an average household income in one mile is $97,103 that is projected to reach $114,189 by 2027.
Surrounding national retailers include Walmart Neighborhood Market, Publix, The Home Depot, Aldi, Sedano’s Grocery Store, Ross, Planet Fitness, Party City, Dollar General, Wawa, Metro by T-Mobile, AutoZone, Wells Fargo, Chase Bank, GNC, Verizon, Starbucks, IHOP, McDonald’s, Taco Bell, Chipotle, CVS, Walgreens and many more. Multiple recently constructed industrial projects in immediate area, including Northwest Dade Logistics Center II that exceeds 450,000 sf and located less than a half mile from the 7-Eleven.
