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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the opportunity to acquire a brand new 7-Eleven (the “Property”) ground lease in Pembroke Pines, FL. Pembroke sits adjacent to Ft. Lauderdale and Hollywood in the fastest growing MSA in the southeast, Miami. 7-Eleven is set to begin commencing rent payments in August 2022 and will have exposure to more than 75,000 VPD. It will be the go-to site for both Pembroke Pines residents, as well as Turnpike travelers between Miami and Ft. Lauderdale & West Palm Beach.
TOP SOUTH FLORIDA MARKET - Pembroke Pines is the second largest city in Broward County. It has benefitted massively from Florida having the second largest population growth in the country last year.
STRATEGICALLY LOCATED REAL ESTATE - The site sits in a dense retail corridor and is surrounded by residential homes. 7-Eleven was drawn to the site due to its direct proximity to the Florida Turnpike. It is also located across the street from McArthur High School (2,800 students) and down the road from Broward College’s South Campus (63,000 students).
BRAND NEW GROUND LEASE WITH NO LL RESPOSIBILITIES - The Property has a $270,000 NOI and is operating on a brand new, 20-year ground lease with 10% rent bumps every five years including extension options.