*RELOCATION STORE* Brand New 15-Year Corporate Ground-Lease | Minimal LL Responsibilities. The Lease is corporate guaranteed by 7-Eleven, Inc., an investment grade tenant (S&P: AA-) headquartered in Dallas, Texas. The Lease features 10% rental increases every five (5) years through the initial 15-year base term, and in each of the four (4) five-year option periods. Rent commenced at this location on June 19, 2022. Brand new, quality construction, 1.6±AC lot strategically located on a hard, signalized SEC corner at the intersection of Wickham Road and West Nasa Blvd, and with exposure to a combined 48,500± vehicles-per-day (2020). Situated on the going-to-work side of the road, Subject benefits from excellent visibility and convenient points of ingress and egress for more than 20K±employees in the immediate area, and both domestic & international travelers arriving at Melbourne-Orlando Int'l Airport with car-rentals to return. Built to the latest 7-Eleven prototype, including eight gas pumps.
Relocation Store | Brand New, 15-Year Corporate Ground Lease w/ Minimal to Zero LL Responsibilities
Situated on Going-to-Work Side of Road at Signalized Hard SEC with Excellent Visibility & Access with Monument Signage
Significant Traffic Count Increase when FDOT Project to Widen Ellis Road to 4-lanes is Completed
Lease Features 10% Rental Increases every 5-Years through Initial 15-Year Base Term & in Each of the Four (4) Option Period
Benefits from Close Proximity to Melbourne-International Airport and Travelers Returning Rentals & County's Top Employers in the Immediate Area
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.