New Construction 7-ELEVEN | Corporate NNN | 100% Bonus Depreciation Potential
$8,755,500
FOR SALE
Call for Address
*******, FL
Corporate AA-S&P rated tenant with absolute true triple net lease.
Potential bonus depreciation benefit of 5.72%. Tax equivalent yield at 35% married filing joint tax
bracket and 5.88% at 37% from convenience & gas and car wash.
Brand new construction and potential 3rd party report savings with fresh due diligence.
Hard signalized corner with good ingress and egress on a major East/West connector road.
Catches all morning traffic going to I-95 from dense residential with over 47K cars a days.
Financial Summary:
Gross Leasable Area (GLA): 4,791 SF Store - 869 SF Car Wash Lot Size: 2.01 Acres (87,628 SF) No. of Pumps: 8 pumps No. of Parking: 42 Parking Spots Cap Rate: 4.0% Weighted Average Cap Rate: 5.42% Tax Equilivent Cap Rate*: 5.88% for 37% tax bracket married filing joint Base Rent (current): $350,220.96 Lease Fee Simple Absolute True NNN Lease Term Remaining: 15 Years Rent Commencement /Target Open Date: 09/01/2022 Rent Increases 10% increase every 5 years including option periods. First Renewal Option Term: 08/31/2037
