Offering Memorandum - LoopNet · 2018-04-16 · 114,500 VPD 72,500 VPD Celebration High School 4 Subject Site N Old Lake Wilson Rd OWNED BY DISNEY OWNED BY DISNEY 7. 44 7-Elev Orlando

7-Eleven | Orlando (Disney), FLOffering Memorandum

PATRICK NUTT MANAGING PARTNER

(954) 302-7365 [email protected]

Representative Photo

Exclusive ListingOffering Memorandum

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C A L K A I N .C O MC A L K A I N .C O M

7-Eleven | Orlando (Disney), FL


7605 Sinclair Rd | Kissimmee, FL 34747

Asking Price $3,650,000 | Cap Rate 4.60%

Net Operating Income (NOI) $167,871

Rent/Month $13,989.25

Rentable Square Feet 3,010+/- SF

Land Area 1.50+/- Acres

Tenant Name 7-Eleven

Credit Rating S&P: AA-

Stock Symbol NYSE: SE

Guarantor Corporate

Ownership Type Fee Simple

Lease Type Absolute NNN

Landlord Responsibilities None

Store Opens 2018

Lease Term Remaining 15 Years

Rent Commencement Est. July 1, 2018

Lease Expiration Est. June 30, 2033

Increases 10% Every 5 Years

Options Four (4), Five (5) Year

Rent Schedule

Term Increases Annual Rent Monthly RentYear 1-5 - $167,871.00 $13,989.25

Years 6-10 10% $184,658.04 $15,388.17

Years 11-15 10% $203,124.00 $16,927.00

Years 16-20 (Option 1) 10% $223,436.04 $18,619.67

Years 21-25 (Option 2) 10% $245,780.04 $20,481.67

Years 26-30 (Option 3) 10% $270,357.96 $22,529.83

Years 31-35 (Option 4) 10% $297,393.96 $24,782.83

Investment Highlights • Brand new build-to-suit 7-Eleven

• Absolute NNN lease with 10% rent increases

• Investor able to utilize depreciation of improvements

• Booming Disney area surrounded by new developments

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Financial Summary


World’s Largest Convenience RetailerWhat started out as an icehouse in Dallas, Texas,

back in 1927 has grown and evolved into the

world’s largest operator, franchisor and licensor of

convenience stores.

7-Eleven (7-11) is an international chain of

convenience stores that operates, franchises and

licenses some 58,300 stores (as of January 2016) in

18 countries.

For the first time, 7‑Eleven, Inc. joined BrandZ’s 10th

annual list of the most valuable global brands for

2015, the only convenience-store chain to make the

list. 7-Eleven claimed the No. 17 spot on the retail

category list, valued at $7.49 billion.

7-Eleven is a Japanese-owned American international

chain of convenience stores, headquartered in Irving,

Texas, that operates, franchises, and licenses some

64,319 stores in 18 countries as of January 2018. The

chain was known as Tote’m Stores until it was renamed in

1946. Its parent company, Seven-Eleven Japan Co., Ltd., is located in Chiyoda,

Tokyo. Seven-Eleven Japan is held by the Seven & I Holdings Co. Operating

globally, 7-Eleven stores meet the everyday needs of the convenience-oriented

customers with excellent store locations, speedy transactions and a consumer

friendly shopping environment.

7-Eleven stores offer a selection of approximately 2,500 different products and

services, including beverages, groceries, tobacco items, lottery tickets and more.

Of all its proprietary products, 7-Eleven sells more fresh-brewed coffee than

anything else – 1.1 million cups each day. That’s more than 10,000 pots of coffee

an hour every hour of every day of the year.

Operating as extended hour retail stores, 7-Eleven is best known for their

signature brands, Slurpee® and Big Gulp® beverages, and Big Bite® hot dogs.

In addition, many 7-Elevens provide fueling stations, making it one of North

America’s largest independent gasoline retailers. 7-Eleven has the largest ATM

network of any retailer in United States.

A World Leader7-Eleven doors are always open, and their friendly store teams are ready

to serve you. Come in to any 7‑Eleven® store and you’ll find a broad

selection of fresh, high-quality products at an everyday fair price, along

with speedy transactions in a clean and friendly shopping environment.

Tenant Snapshot

# of Locations 64,319+

Stock Symbol

NYSE: SE

Credit Rating S&P: AA-

About 7-Eleven

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Tenant Overview


Site Photos as of April 11, 2018

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Site Photos as of April 11, 2018

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Location Overview

Orlando

Subject Site

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OWNED BY DISNEY

Distance To:Disney Parks 8 miles

Orlando 24 miles

Tampa 63 miles

St. Petersburg 85 miles

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I-4 11

4,500

VPD

72,500 VPD

Celebration High School

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Subject Site

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OWNED BY DISNEY

OWNED BY DISNEY

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144429

Subject Site

Sinclair Rd

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4,500

VPD

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Surrounding RetailEncore Resort Homes at Reunion

What’s Unique About Encore Resort Homes? Nestled closed to Disney World and other local attractions, Encore Resort is the perfect spot for your stay in Orlando. Each luxury rental includes a private pool, access to amazing in-home services, and much more:

• Luxury accommodations with 4 - 13 bedrooms

• Resort style concierge, front desk, and 24-hour service line

• World class AquaPark including incredible kids splash area, four water slides, adult pool with VIP cabanas optional, Bar & grille, & Arcade

• Multiple on-site restaurants

• Complimentary guest transportation to Disney, Universal, and SeaWorld

An amazing new concept in vacation home communities, Encore Resort Homes also features an unmatched amenity center

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Subject Site

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Sinclair Rd

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Site Plan


Radius 3 Mile 5 Miles 10 MilesPopulation2017 Population 9,836 36,222 178,768

2022 Population 11,734 42,882 205,878

2010-2017 Annual Rate 2.11% 3.25% 3.31%

2017-2022 Annual Rate 3.59% 3.43% 2.86%

2017 Male Population 48.8% 48.7% 48.3%

2017 Female Population 51.2% 51.3% 51.7%

2017 Median Age 38.0 38.4 35.7

Households2017 Total Households 3,632 13,312 61,702

2022 Total Households 4,304 15,683 70,938

2010-2017 Annual Rate 1.90% 3.08% 3.12%

2017-2022 Annual Rate 3.45% 3.33% 2.83%

2017 Average Household Size 2.71 2.72 2.78

Median Household Income2017 Median Household Income $67,153 $61,442 $50,419

2022 Median Household Income $75,753 $69,206 $55,219

2017-2022 Annual Rate 2.44% 2.41% 1.84%

Average Household Income2017 Average Household Income $97,272 $84,762 $67,379

2022 Average Household Income $108,370 $94,953 $76,948

2017-2022 Annual Rate 2.18% 2.30% 2.69%

Per Capita Income2017 Per Capita Income $36,240 $31,075 $24,547

2022 Per Capita Income $40,090 $34,619 $27,641

2017-2022 Annual Rate 2.04% 2.18% 2.40%

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Demographics


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Demographics | 10 Mile Radius


Orlando, FLOrlando is one of the world’s most visited family destinations, and while its illustrious themed attractions may steal the limelight, with a vibrant and well-kept city center and a climate that averages around 75° Fahrenheit, there is a surprising amount of things to experience here. Welcoming tens-of-millions of visitors per year, both Disney World and Universal Orlando pack in an entire trip’s worth of fun on their own. But it would be a mistake to overlook Orlando’s other activities because the rest of ‘The City Beautiful’ is full of similar family-friendly attractions like waterparks, giant aquariums and zoos, exciting shows, airboat tours around the swamps and plenty of golfing opportunities.

Shopping options in Orlando include The Florida Mall, the Mall at Millenia, and two different Premium Outlets. The Florida Mall features all the main brands, a food court and various department stores. The Mall at Millenia is a bit more

upscale, offering various jewelry and electronic stores. The two outlet malls, Vineland Premium Outlets and International Premium Outlets, feature year-round discounts and promotions.

Have you always wanted to see a rocket launch? Make use of the private shuttles heading to Kennedy Space Center every day. The center is home to NASA, the primary launch center for human space travel. It is open year round so that visitors can experience the launch complex and astronaut hall of fame, even if there are no launches going on that day. The space center is located about 45 minutes from Orlando.

Need dining options? Head over to Orlando’s Restaurant Row. This one-mile stretch on International Drive offers all types of cuisines at various price ranges. Located just 5 minutes from International Drive, Restaurant Row features some of the best Greek, Mexican and American cuisine in Orlando. The city’s best voted seafood restaurant, Big Fin, is located here as well.

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Market Overview


PATRICK NUTT MANAGING PARTNER

(954) 302-7365 [email protected]

Who Are We? Calkain Companies LLC is a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management.

We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities’ specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry.

Our HistoryLike most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005.

With the growth in staff, seasoned professionals have been attracted to Calkain’s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment.

Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America’s Net Lease Company®. Its countless accolades received from the world’s leading business publications, including Forbes™, Fortune™ and the New York Times™ have confirmed that Calkain is a true leader in triple net lease investing services.

Client Testimonial

“USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them.

- Jack Genende, Partner | U.S. Realty Advisors, LLC. (USRA)

$11.5 Billion in Closed Transactions

$350 Million

in Active Listings

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C A L K A I N .C O MC A L K A I N .C O M

About Calkain

DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regula-tions, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Corporate Headquarters Washington, DC12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783

Fort Lauderdale200 SW 1st Avenue | Suite 880 Fort Lauderdale, FL 33301 T: (813) 282-6000

Atlanta111 Village Parkway, Building 2 | Suite 202 Marietta, GA 30067 T: (404) 900-5629

Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584

CALKAIN.COM

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Offering Memorandum - LoopNet · 2018-04-16 · 114,500 VPD 72,500 VPD Celebration High School 4 Subject Site N Old Lake Wilson Rd OWNED BY DISNEY OWNED BY DISNEY 7. 44 7-Elev Orlando