Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2022
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a brand-new construction single-tenant 7-Eleven (the “Property” or “Asset”) offering located in St. Augustine, FL. With construction completed on November 1, 2022, the ground lease has the full 15 years remaining, providing the opportunity to acquire a secure cash flow backed by 7-Eleven’s investment grade credit (S&P: ‘A’).


With excellent visibility and frontage along International Golf Parkway (22,500 VPD) and State Road 16 (19,400 VPD), this property benefits from being on the hard corner of a highly trafficked retail area. The Publix in the adjacent shopping center is in the 95th percentile of Publix in the nation by visits, attracting 1.2 million shoppers annually per Place.ai. The Asset sits in a newly constructed, Publix-anchored center that features national tenants. It will be the go-to site for the surrounding community, with population growth of 58.7% in a 3-mile radius over the last 10 years, and travelers from Jacksonville who are drawn to the five championship golf courses in the area, including the World Golf Village resort.

Investment highlights

STRATEGICALLY LOCATED REAL ESTATE

  • The site is an outparcel to a newly constructed, Publix-anchored center that sits in a dense retail corridor. The Publix in the adjacent shopping center is in the 95th percentile of Publix in the nation by visits, attracting 1.2 million shoppers annually per Place.ai.

PROXIMITY TO WORLD GOLF VILLAGE

  • The Asset is set immediately proximate to the World Golf Village. The 6,300-acre golf resort and residential community is home to the World Golf Hall of Fame, PGA Tour Products Headquarters, the first-ever PGA Golf Academy and two world-class golf courses.

BRAND NEW GROUND LEASE WITH NO LANDLORD RESPONSIBILITIES

  • The Property has a $178,000 NOI and is operating on a brand new, 15-year ground lease with 10% rent bumps every five years including extension options.


INVESTMENT GRADE TENANCY FROM THE GLOBAL C-STORE LEADER

  • 7-Eleven carries an investment grade rating from S&P (A) with a “stable” outlook. They are the largest player in the convenience store industry with increasing Revenue and EBITDA over the last five years.



Last Updated Date: 11 Aug 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 11 Aug 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.