7-ELEVEN · 2020. 3. 9. · 7-ELEVEN 3017 19TH AVE NE, RUSKIN, FL 33570 4.85% CAP $6,125,837 PRICE REPRESENTATIVE PHOTO REPRESENTATIVE PHOTO This information has been secured from

REPRESENTATIVE PHOTO

NOR

RUSKIN, FL

GASOLINE AND CAR WASH CONVENIENCE STORE ADJACENT TO AMAZON FULFILLMENT CENTER

7-ELEVEN


Contact the team

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.

RICK [email protected]: 415.274.2709CA DRE# 01440360

IN CONJUNCTION WITH FL LICENSED BROKER: John Park Berkshire RealityPH: [email protected]

REPRESENTATIVE PHOTOREPRESENTATIVE PHOTO

2

7-ELEVEN3017 19TH AVE NE, RUSKIN, FL 33570

4.85%CAP

$6,125,837PRICE




NOI: $297,103RENT COMMENCEMENT: 06/01/2020PARKING: 16 PARKING STALLSLEASE TYPE: ABSOLUTE NNNLEASE TERM: 15 YEARS

LEASABLE AREA: 3,010 SF (+ 966 SF CAR WASH)

LAND AREA: 1.78 ACRES

7-ELEVEN IS THE LARGEST CHAIN IN THECONVENIENCE RETAIL INDUSTRY WITH OVER

70,000 LOCATIONS WORLDWIDE3

Investment Summary

https://www.google.com/maps/place/19th+Ave+NE+%26+30th+St+SE,+Ruskin,+FL+33570/@27.7307868,-82.4086169,4748m/data=!3m1!1e3!4m5!3m4!1s0x88c2d81eb5ef9b03:0x4fe7700828e612ca!8m2!3d27.7347794!4d-82.3937067


THE OFFERINGRuskin is a thriving, fast growing suburb located just 21 miles south of Tampa and is considered part of the Tampa – St. Petersburg – Clearwater MSA, within Hillsborough County. In 2019, Hillsborough County ranked as the 10th fastest growing County in the nation. In the next five years Hillsborough County is projected to add 126,000 residents; increasing the population by close to 9%, more than double the national average of 3.9%.

The subject property offers a buyer the unique opportunity to acquire a newly built 7-Eleven with a 15-year absolute NNN lease and a corporate guarantee that is located less than one mile from one of Amazon’s largest and busiest fulfillment centers in the world, totaling over 1,100,000 square feet. Nestled between two major airports and with easy access to 1-75 and rail terminals this location has great longterm potential and the lease features a hedge against inflation with 10% bumps every 5 years.

• Absolute NNN Lease• Automated Car Wash• Fastest growing county in Florida• Average Household incomes over $78K within a

3-mile radius• New Construction 7-Eleven

HIGHLIGHTS

• Tampa Bay is the fastest growing region in the nation

• Part of the Tampa–St. Petersburg–Clearwater MSA• Adjacent to Amazon’s busiest fulfillment center

(3,000 employees)• High Visibility – Hard Corner Location

DESIRABLE LOCATION


4

Investment Highlights


REPRESENTATIVE PHOTOIncome & Expense

PRICE $6,125,837 Capitalization Rate: 4.85%

Total Est. Rentable Area (SF)1: 3,976

Lot Size (AC): 1.78

STABILIZED INCOME PER SQUARE FOOTScheduled Rent $74.72 $297,103

Effective Gross Income $74.72 $297,103

LESS PER SQUARE FOOTTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $297,103 1 - Total square footage includes the car wash facility which will be approximately 966 sqft.

5

Income & Expense


Rent Roll

TENANT INFO LEASE TERMS RENT SUMMARY

TENANT NAME SQ. FT.* CURRENT RENT

MONTHLY RENT

YEARLY RENT

MONTHLY RENT/FT

YEARLY RENT/FT

7-Eleven 3,976 06/01/20 05/31/25 $297,103 $24,759 $297,103 $6.23 $74.72

06/01/25 05/31/30 $27,234 $326,813 $6.85 $82.20

06/01/30 05/31/35 $29,958 $359,495 $7.53 $90.42

Option 1 06/01/35 05/31/40 $32,954 $395,444 $8.29 $99.46

Option 2 06/01/40 05/31/45 $36,249 $434,989 $9.12 $109.40

Option 3 06/01/45 05/31/50 $39,874 $478,487 $10.03 $120.34

Option 4 06/01/50 05/31/55 $43,861 $526,336 $11.03 $132.38

TOTALS: 3,976 $297,103 $24,759 $297,103 $6.23 $74.72

*Total square footage includes the car wash facility which will be approximately 966 sqft. Buyer to verify final square footage of improvements during due diligence.

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Rent Roll

Lease Abstract

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TAXES Tenant responsibleINSURANCE Tenant responsibleUTILITIES Tenant pays all utilitiesMAINTENANCE Tenant responsibleLANDLORD’S OBLIGATIONS No Landlord obligations

EXPENSES

TENANT 7-ELEVENLEASE GUARANTY CorporateLEASE TYPE Absolute NNNLEASE TERM 15 yearsRENT COMMENCEMENT 06/01/20OPTIONS Four 5-year options

PREMISES & TERM

The details contained within the Lease Abstract are provided as a courtesy to the recipient for purposes of evaluating the Property’s initial suitability. While every effort is made to accurately reflect the terms of the lease document(s), many of the items represented herein have been paraphrased, may have changed since the time of publication, or are potentially in error. Capital Pacific and its employees explicitly disclaim any responsibility for inaccuracies and it is the duty of the recipient to exercise an independent due diligence investigation in verifying all such information, including, but not limited to, the actual lease document(s).

ASSIGNMENT/SUBLETTINGTenant may assign or sublet premises or any part thereof and continue to remain liable for the terms of the lease.

RIGHT OF FIRST REFUSAL Tenant has twenty (20) days.

ESTOPPELTenant shall provide within thirty (30) days.

ADDITIONAL LEASE PROVISIONS

BASE RENT

DATE RANGE MONTHLY RENT ANNUAL RENT

06/01/20 - 05/31/25 $24,759 $297,10306/01/25 - 05/31/30 $27,234 $326,81306/01/30 - 05/31/35 $29,958 $359,495

OPTION RENTSDATE RANGE MONTHLY RENT ANNUAL RENT

#1. 06/01/35 - 05/31/40 $32,954 $326,813#2. 06/01/40- 05/31/45 $36,249 $434,989#3. 06/01/45 - 05/31/50 $39,874 $478,487#4. 06/01/50 - 05/31/55 $43,861 $526,336

RENT

Lease Abstract

7

Lease Abstract

19TH AVENUE NE

30TH

STR

EET

SE

PYLON SIGN

CAR WASH

8

16SPACES

3,976RENTABLE SF

1.78ACRES

8This 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.

Site Plan


7-Eleven, Inc. is the premier name and largest chain in the convenience retail industry. Based in Irving, Texas, 7-Eleven operates, franchises, or licenses more than 70,000 stores in 17 countries, including 11,800 in North America.

Known for its iconic brands such as Slurpee, Big Bite, and Big Gulp, 7-Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers, and hot chicken sandwiches.

7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7-Eleven for payment services, self-service lockers, car washes and other convenient services.

ABOUT 7-ELEVEN

LOCATIONS IN 17COUNTRIES70,000



Tenant OverviewTenant Overview

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Tenant Overview

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674674674

SUN CITY CENTER BOULEVARDSUN CITY CENTER BOULEVARD

30TH

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E COLLEGE AVENUEE COLLEGE AVENUE

19TH AVENUE NE19TH AVENUE NE

MIDDLE SCHOOL

HIGH SCHOOL

GANNON UNIVERSITY

RUSKIN CAMPUS

HIGH SCHOOL

COUNTY OF

HILLSBOROCOUNTY

OF HILLSBORO

GOLF COURSE

GOLF COURSE

GOLF COURSE

LIBRARY

GOLF COURSE

GOLF COURSE

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

HILLSBORO COMMUNITY

COLLEGE SOUTH BAY HOSPITAL

®

37,000VPD

28,500 VPD

23,800 VPD

120,500 VPD

26,500 VPD

28,000 VPD

67,000 VPD

26,500 VPD

TAMPA(21 MILES)

301

19TH AVENUE NE19TH AVENUE NE

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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. 10

Tenant Overview

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19TH 19TH AVENUE NEAVENUE NE

28,500 VPD

TAMPA INT’L

AIRPORT

ECKERD COLLEGE

PALMS OF PASADENA HOSPITAL

MORTON PLANT

HOSPITAL

ST. JOSEPH HOSPITAL

HILLSBORO COMMUNITY

COLLEGE

HILLSBORO COMMUNITY

COLLEGE

KINDRED HOSPITAL

MEMORIAL HOSPITAL

HILLSBORO COMMUNITY

COLLEGEHILLSBORO

COMMUNITY COLLEGE

UNIVERSITY OF TAMPA

TAMPA GENERAL HOSPITAL

HILLSBORO COMMUNITY

COLLEGETHE ARTS INSTITUTE OF TAMPA

EVERGLADES UNIVERSITY

TAMPA

HILLSBORO COMMUNITY

COLLEGE

FLORIDA BAPTIST COLLEGE

HILLSBORO COMMUNITY

COLLEGE

USF HEALTH MORSANI COLLEGEPINELLAS

TECHNICAL COLLEGE

UNIVERSITY OF FLORIDA

VA MEDICAL CENTER

NORTHSIDE HOSPITAL

BAYFRONT MEDICAL CENTER

LARGO MEDICAL CENTER

KINDRED HOSPITAL

EMBRY-RIDDLE

AERONAUTICAL UNIVERSITY

ST. PETERSBURG

COLLEGE MIDTOWN

ST. PETERSBURG

COLLEGE GIBBS

CAMPUS

STETSON UNIVERSITY

COLLEGE OF LAW

ST. PETERSBURG

COLLEGE SEMINOLE CAMPUS

ST. PETERSBURG

COLLEGE

ST. PETERSBURG

COLLEGE CLEARWATER

CAMPUS

USF ST.

PETERSBURG

MACDILL AIR FORCE

BASE

ST. PETE-CLEARWATER

INT’L AIRPORT

UNIVERSITY OF SOUTH FLORIDA

TAMPA EXECUTIVE

AIRPORT

FLORIDA STATE FAIR

TROPICANA FIELD

TAMPA CONVENTION

CENTER

TAMPA

ST. PETERSBURG

CLEARWATER

RUSKIN

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59,000 VPD

42,500 VPD

150,500 VPD

31,000 VPD

120,500 VPD

15,900 VPD

Zoomed-Out Aerial


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19TH AVE NE19TH AVE NE

BELMONT

(2,021 UNITCOMMUNITY AT BUILT OUT; 1,014 + HOMES

BUILT/NEW)

CYPRESS MILL

(833 HOMES AT BUILT OUT; STARTED SELLING OCTOBER 2018; EST. TO

SELL 120 PER YEAR)

SHADETREE

(260 NEW APTS.)

E COLLEGE AVENUEE COLLEGE AVENUE

26,500 VPD

SHELL POINT RDSHELL POINT RD


WATERSET NORTH

& CENTRAL

(EST. 1,500 HOMES BUILT + 200 UNDER

CONSTRUCTIN;EST. 300

ANNUALLY; CENTRAL HAS

BEGUN)

FULFILLMENT3,000

EMPLOYEES30TH

ST

SE30

TH S

T SE

VILLA D’ESTE

(51 HOMES BUILT; 78 HOMES TO BE BUILT IN PHASE

II, 20 SOLD)VENTANA VILLAGE

(166 HOMES BUILT)

CYPRESS CREEK

(1,283 HOMES BUILT/NEW 2,025 UNITS AT

BUILD OUT)

WATERSET

(ENTITLED FOR 6,428 HOUSING UNITS; 498K OF COMMERCIAL;

198K SF OFFICE; PROPOSED EXTENSION ROADS OF 24TH &

30TH ST.)

67,000 VPD

75

75

28,000VPD

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Nearby Development

POPULATION

1-MILE 3-MILES 5-MILES

2010 201 29,053 57,806

2019 2,591 45,731 91,696

2024 3,164 52,419 105,559

2019 HH INCOME

1-MILE 3-MILES 5-MILES

Average $68,002 $75,030 $78,779

Median $54,046 $53,230 $57,645

TOP EMPLOYERS

EMPLOYER # OF EMPLOYEES

Publix Super Markets Inc. 191,000

BayCare Health System 26,900

Hillsborough County School District 26,016

HCA West Florida Division 241,100

MacDill Air Force Base 18,000

RUSKIN

THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS

IS OVER $78K

TAMPA(21 MI)

ST. PETERSBURG


CLEARWATER

PALM HARBOR

BRADENTON

LAKE LAND

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Demographics

RUSKIN, is a suburb 21 miles south of downtown Tampa on the northern shores of the Little Manatee River. It is located in southern Hillsborough County, and has seen more new-home construction since 2010 than anywhere else in the county. Thousands of houses have been built in dozens of new subdivisions, including Bahia Lakes and Mira Lago in Ruskin.

THE TAMPA BAY MSA has an estimated population of over 3 Million, and is the economic hub of west central Florida. It’s economy is founded on a diverse base that includes tourism, health care, finance, insurance, technology, construction, and maritime industry. Tampa is the location of two major military installations, MacDill Air Force Base and Coast Guard Air Station Clearwater. It is also the home of the University of South Florida.

In 2019, the Tampa Bay metro area— comprised of Tampa, St. Petersburg and Clearwater— added

26,500 jobs while unemployment fell to 2.9 percent. WalletHub ranked over 515 cities on economic growth with Tampa finishing ninth among all Florida cities and first in Tampa Bay region.

EMPLOYMENT GROWTH

RUSKIN, FLORIDA

DOWNTOWN TAMPA

3.1 MILLIONTAMPA MSA POPULATION (ESTIMATED)

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. 14

Location Overview

Contact us.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM.

CAPITALPACIFIC.COM

Copyright © 2020 Capital Pacific Partners



RICK [email protected]: 415.274.2709CA DRE# 01440360

IN CONJUNCTION WITH FL LICENSED BROKER: John ParkBerkshire RealityPH: [email protected]

Documents

7-ELEVEN · 2020. 3. 9. · 7-ELEVEN 3017 19TH AVE NE, RUSKIN, FL 33570 4.85% CAP $6,125,837 PRICE REPRESENTATIVE PHOTO REPRESENTATIVE PHOTO This information has been secured from