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Views: 17 DOM: 21 Updated: 04.26.24 Posted: 04.26.24 Status: Active

Summary

Price $6,220,600
Built/Renov 2019
Tenant 7-Eleven
Cap Rate 5.45%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,010
Lease Start 11-01-2019
#Units 83,282
Price/SF $2,066.64
Expiration 10-31-2034
Tenant Type Convenience/Gas
NOI $339,028
R. Term 10.5
Ownership Fee Simple
Rent/SF $112.63
Increases 10.0%/5/yrs
Pop 5Mi 80,885
Lot/AC 1.96
Options 4/5yrs/10%
AHHI 5Mi $89,025

Lease Highlights

  • 7-Eleven has 10+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the hard corner intersection of Commerce Drive and Jacaranda Blvd, offering 16 fueling positions alongside a convenience store with a car wash. Its prime location provides easy access to I-75, making it convenient for commuters. Additionally, the immediate area is surrounded by numerous residential communities, and 20 miles from Sarasota International...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven & I Holdings Co., Ltd
  • # Units:83,282
  • Tenant S&P: A
  • Moody’s: Baa2
  • Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,250 33,766 81,571
2023 Total Population : 3,147 32,259 80,406
2023 Employed Civilian Pop : 1,497 10,569 29,180
2023 Total Businesses : 260 1,169 4,199
2023 Average Household Income : $ 134,635 $ 112,651 $ 109,702
2023 Total Consumer Spending : $ 163 M $ 1601 M $ 3865 M
2023 Median Age : 59 67 66
2023 Total Households : 1,420 16,461 40,699
2023 Pop Age 25+: Bachelor's Degree : 664 7,019 17,347
2023 Average Home Value : $ 483,133 $ 458,506 $ 433,109
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Jacaranda Boulevard Frederick Dr 2022 8,300 0.11 mi
Jacaranda Blvd 2022 9,600 0.23 mi
I- 75 2022 750 0.27 mi
Jacaranda Blvd 2022 6,200 0.31 mi
Jacaranda Blvd 2022 10,000 0.35 mi
I- 75 2022 6,100 0.42 mi
Jacaranda Boulevard Jacaranda Blvd 2022 34,000 0.71 mi
Clermont Road Xclermont Rd 2022 3,700 0.76 mi
I-75 N Havana Rd 2005 66,000 0.77 mi
Border Road Hanchey Blvd 2022 2,050 0.84 mi

Listing Broker

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