Property Highlights
Top Performing Store Nationwide (Per AlphaMaps): Ranked in the 99th percentile nationally for customer foot traffic, placing this location among the highest-performing 7-Eleven stores in the country.
Absolute NNN Lease: Structured as an absolute NNN lease, providing 100% passive income with zero landlord responsibilities.
Strong Site Commitment: 7-Eleven recently executed a 10-year lease extension, underscoring long-term commitment to this location.
Investment Grade Credit: 7-Eleven carries an “A-” credit rating from Standard & Poor’s, offering exceptional income security.
Bonus Depreciation Eligible: Gas stations qualify for bonus depreciation which allows you to write off the majority of the purchase in year one – consult a CPA to further discuss.
Attractive Rental Growth: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation.
Location Highlights
Highly Coveted Market: Located in Pinellas County, one of Florida’s most densely populated submarkets with extremely limited fuel competition, enabling the property to capture a dominant share of gas and convenience sales.
Signalized Hard Corner: Positioned along E Lake Road (±55,000 VPD) at a lighted four-way intersection with outstanding visibility to both northbound and southbound traffic.
Strong Daily Demand Drivers: Directly benefits from proximity to East Lake High School (~2,300 students), as well as multiple surrounding residential communities.
Supply-Constrained Advantage: The site further benefits from a recent gas station moratorium in Tarpon Springs, reinforcing long-term performance and competitive insulation.