Mohr Partners Inc., is pleased to present the following investment opportunity in the Tampa, FL, market. The offering comprises a freestanding 7-Eleven gas station located at 5555 E Hillsborough Ave, Tampa, FL 33610 (“the Property”). The Property comprises a 3,062 square foot building on 1.46 acres of land and features a corporately guaranteed lease. This property is for sale with a purchase price of $5,250,000. The Property is leased with 9 years of remaining term that commenced on May 1, 2019, along with four, five-year extensions. The lease features rental escalations of 10% every five years during the base term and at the start of each extension period, providing substantial upside potential. This offering provides a passive investment with zero landlord maintenance obligations. The Property is leased to 7-Eleven, a global convenience store chain headquartered in Irving, Texas, that is known for its extensive presence in the United State and offers a variety of food, beverages and everyday essentials, often operating 24/7.
The property sits on the hard corner of E Hillsborough Ave and N 56th St. Over 38,500 vehicles pass by the property daily along Hillsborough Ave, a major arterial east-west thoroughfare that serves a main route to several attractions in the area including Raymond James Stadium (home of the NFL's Tampa Bay Buccaneers), Interstate 4 and Tampa International Airport (over 19 million passengers annually)