7-Eleven | Relocation Store | New Pricing - 15-Yr NNN Corporate BTS GL | FL

Description

*RELOCATION STORE* Brand New 15-Year NNN Corporate Build-to-Suit Ground-Lease. The Lease is corporate guaranteed by 7-Eleven, Inc., (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 at 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/egress for more than 20K±employee commuters 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.

Highlights

Relocation Store | Brand New, 15-Year NNN Build-to-Suit Corporate Ground Lease

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

Additional URLs

• https://www.crexi.com/properties/860781/florida-7-eleven-relocation-store-new-corporate-build-to-suit-gl
• https://www.floridatoday.com/story/news/2022/06/03/melbourne-chamber-wants-fdot-widen-ellis-road-four-lanes-asap/9409958002/
• https://www.loopnet.com/Listing/465-S-Wickham-Rd-Melbourne-FL/26138818/