Marcus & Millichap has successfully sold a 7-Eleven located at 327 South Orange Blossom Trail in Orlando, Florida. The property consists of roughly 3,010 rentable square feet of building space on an estimated 0.87-acre parcel of land.
7-Eleven is subject to a brand new 15-year absolute triple-net (NNN) lease. The initial rent is $217,503.75 with 10 percent increases every five years. There are four, five-year tenant renewal options, extending the total possible lease term to 35 years.