Corporate 7-Eleven corporate 7-Eleven SEC Dixie Belle Dr & Lake Margaret Dr Orlando, FL 32822 CHRIS KOSTANECKI ck@capitalpacific.com | (415) 274-2701 CA BRE# 01002010 ZEB RIPPLE zripple@capitalpacific.com | (415) 274-2702 CA BRE# 01002010 CHRIS PETERS cpeters@capitalpacific.com | (415) 274-2703 CA BRE# 01339983 In Association with: Rick Steinberger - FL Licensed Broker (407) 999-7772 | [email protected] Representative Photo Capital Pacific collaborates. Click here to meet our whole team.
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Corporate7-Eleven
corporate 7-ElevenSEC Dixie Belle Dr & Lake Margaret DrOrlando, FL 32822
CHRIS [email protected] | (415) 274-2701 CA BRE# 01002010
ZEB [email protected] | (415) 274-2702 CA BRE# 01002010
CHRIS [email protected] | (415) 274-2703 CA BRE# 01339983
In Association with: Rick Steinberger - FL Licensed Broker(407) 999-7772 | [email protected]
Representative Photo
Capital Pacific collaborates. Click here to meet our whole team.
Investment Highlights
RARE NEW CONSTRUCTION 15-YEAR CORPORATE 7-ELEVEN LOCATED IN DENSE, INFILL ORLANDO MARKET
The subject property is a 7-Eleven convenience store and gas station currently under construction in Orlando, FL. 7-Eleven signed a 15.5 year NNN lease scheduled to commence in late 2014.
Located at a signalized hard corner, the subject property is adjacent to a Walmart anchored center and a Lowe’s Home Improvement. The site benefits from high traffic counts and strong demographics with a population greater than 243,000 people within a 5-mile radius.
RENTABLE SF . . . . 2,940 SF
LAND AREA . . . . . . 1.04 Acres
LEASE TYPE . . . . . . Corporate NNN
YEAR BUILT . . . . . . 2014
PRICE: $2,840,000CAP: 5.00%
STRONG CREDIT TENANT Investment Grade - S&P Credit Rated “AA-”
Largest convenience store operator in the world - 8,700 stores in US & Canada and more than 52,000 worldwide
LEASE HIGHLIGHTSCorporately backed lease with 7-Eleven, Inc.
15.5 year primary lease term with four (4), five-year options
Attractive 10% rental increases every 5 years in primary terms and options
NNN lease with minimal landlord responsibilities (See page 4)
Representative Photo
DENSE MARKET POPULATION WITHIN
5 MILES = 243K+
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Lake Margaret Drive
Lee Vista Boulevard
Curry Ford Road
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Gatlin Avenue
Hoffner Avenue
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417
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Acceleration Academy
Conway Middle School
Conway Elementary
Lake George Elementary
Shenandoah Elementary
Michael McCoy Elementary
Three Points Elementary
Pinar Elementary
Hidden Oaks Elementary
Vista Lake Elementary
Conrad Academy
Liberty Middle School
Odyssey Middle School
Faith Christian Academy
Uceda School of Orlando
LAKE FREDRICA
VENTURA COUNTRY CLUB
GOLDENROD MARKETPLACEVISTA MARKETPLACE
BELLE ISLE COMMONS
ORLANDO CITY CENTER
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LAKE FREDRICA SHOPPING CENTER
Cheng’s Chinese RestaurantDollar Store
®
ORLANDO CITY CENTER
LAKE FREDRICA
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Aerial
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14,767 DAILY
Lake Margaret Drive
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WALMART ACCESS
CANOPY
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Site Plan
CORPORATE LEASE The subject property has been leased to 7-Eleven Inc. The lease features 15.5 years of primary term and four (4) five-year options with very attractive 10% rental increases every five years. This is a net lease with minimal landlord responsibilities.
MAINTENANCEThroughout the term of the Lease, the Landlord shall be responsible for the maintenance of the foundation and structural soundness of the Premises. Tenant shall be responsible for maintaining the roof, the non-structural exterior of the building and the above and below ground gasoline equipment.
ENVIRONMENTAL INDEMNITYTenant shall indemnify Landlord against any claims resulting from Tenant’s gasoline operations at the Premises. Tenant is responsible for any remedials measurements required by any governmental agencies throughout the term of the lease. Upon expiration, Tenant shall be responsible for the removal of any and all above and below ground gasoline equipment.
RIGHT OF FIRST REFUSALTenant has a ten (10) day Right of First Refusal to purchase the subject property.
ESTIMATED CONSTRUCTION TIMELINE> Start Construction - July 2014> Certificate of Occupancy - End of October 2014> Rent Commencement - October 2014 > Term Commencement - December 1st, 2014 (First day of the first month that it is 15 days after Rent Commencement)
AUDIT PERIODUpon completion of Landlord’s work and Tenant’s acceptance of delivery of the premises, Tenant shall have a 90 - 120 day review period in which to audit the total project costs. If the total project costs come in lower than estimated, the initial rent amount will be subject to a predetermined adjustment. Please contact listing agent for more details.
Project Summary
7-ELEVEN | 6
REORE
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & Expense
PRICE $2,840,000
Price Per Square Foot: $965.99
Capitalization Rate: 5.00%
Total Rentable Area (SF): 2,940
Lot Size (AC): 1.05
STABILIZED INCOME Per Square Foot
Scheduled Rent $48.30 $142,000
Effective Gross Income $48.30 $142,000
LESS Per Square Foot
Taxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $142,000
Representative Photo
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TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
7-Eleven 2,940 12/01/14 11/30/19 $142,000 $11,833 $142,000 $4.02 $48.30
12/01/19 11/30/24 $13,017 $156,200 $4.43 $53.13
12/01/24 11/30/29 $14,318 $171,819 $4.87 $58.44
12/01/29 05/31/30 $15,750 $189,001 $5.36 $64.29
Option 1 06/01/30 05/31/35 $15,750 $189,001 $5.36 $64.29
Option 2 06/01/35 05/31/40 $17,325 $207,902 $5.89 $70.71
Option 3 06/01/40 05/31/45 $19,058 $228,692 $6.48 $77.79
Option 4 06/01/45 05/31/45 $20,963 $251,561 $7.13 $85.56
Totals: 2,940 $142,000 $11,833 $142,000 $4.02 $48.30
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Rent Roll
Representative Photo
ABOUT 7-ELEVEN
The company operates, franchises and licenses close to 8,700 stores in the U.S. and Canada. Of the more than 7,800 stores the company operates and franchises in the United States, more than 6,200 are franchised.
Outside of the U.S. and Canada, there are more than 44,100 7-Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, Philippines, Indonesia, Norway, Sweden and Denmark.
The world’s leading convenience store company is owned by the Japanese retail conglomerate Seven & i Holdings, which is the holding company for Seven-Eleven Japan, Ito-Yokado, Denny’s restaurants, and other businesses.
7-Eleven has been honored by numerous companies and organizations throughout its 86 years in business. Recent 7-Eleven accolades include: - No. 5 among Top 100 Global Franchises by Franchise Direct for 2014- Recognized as a Top 100 Global Retail Franchise from 2009 to 2014 - Best Franchise Chains Worldwide by FranchiseDirect.com- Named one of Retail Leader’s 2014 Leading Retailers- No. 6 on Entrepreneur magazine’s “Top 10 Franchises” for 2014- No. 6 on the Top 10 Franchise Businesses for 2014 by EmpoweredEzine.com- No. 1 on the CNN TRAVEL International staffers list of favorite chains in the world for travelers.- No. 1 on Entrepreneur magazine’s “Top Global Franchises” list for 2013
NUMBER OF EMPLOYEES 45,0002012 REVENUE $10.69 BillionNUMBER OF LOCATIONS (TOTAL) 53,000 (16 countries)
Tenant
Representative Photo
Representative Photo
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Map
53,500 DA
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7-ELEVEN
14,767 DAILY
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Regional Map
7-ELEVEN
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ORLANDO, FL
The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. The Orlando-Kissimmee MSA is Florida’s third-largest metropolitan area, behind Miami and Tampa. Orlando is also home to the University of Central Florida, which is the second largest university in Florida in student enrollment, as of 2012.
Nicknamed “The Theme Park Capital of the World”, Orlando is best known for the massive Walt Disney Resort, as well as the Universal Orlando Resort, SeaWorld Gatorland, and Wet ‘n Wild Water Park. These famous attractions form the backbone of Orlando’s tourism industry. Orlando is also one of the busiest American cities for conferences and conventions. Orlando attracts over 51 million tourists a year, including over 3 million international guests.
The Greater Orlando metropolitan area has a population of 2,134,411 as of 2010, making it the 26th largest metro area in the United States, the sixth largest metro area in the Southeastern United States, and the third largest metro area in the state of Florida.
Location & Demos
2013 HOUSEHOLD INCOMES
1-Mile 3-Mile 5-Mile
2010 17,995 121,007 237,4652013 18,752 123,478 243,6852018 20,356 131,196 260,489
1-Mile 3-Mile 5-Mile
Average $51,536 $54,658 $60,614Median $40,616 $40,368 $43,574
POPULATION
Employer # of Employees*Walt Disney World 50,000+Orange County Public Schools 50,000+State of FL Government 50,000+Adventist Health System 17,000+*Approximate
TOP EMPLOYERS IN ORLANDO
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