| Price $9,379,540 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
6,050
| Lease Start
10-01-2023
| #Units
83,282
|
| Price/SF $1,550.34 | Expiration
10-01-2038
| Tenant Type Convenience/Gas |
| NOI $468,977 | R. Term 14.4 | Ownership Fee Simple |
| Rent/SF
$77.52
| Increases 7.5%/4/yrs | Pop 5Mi 5,957 |
| Lot/AC 4.84 | Options 5/5yrs/7.5% | AHHI 5Mi $81,338 |
| | |
7-Eleven is strategically located at the hard corner intersection of Market Street and FM-485, with access to a combined daily traffic count of 31,479 vehicles. The property boasts two restaurant concepts, Raise the Roost Chicken and Laredo Taco, along with 8 MPDS (16 Pumps) and 5 High-Speed Diesel MPDS (8 Pumps) on-site. Additionally, it sits along I-6, the primary artery between Waco and...
...New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 527 | 5,355 | 6,068 |
| 2023 Total Population : | 527 | 5,293 | 6,000 |
| 2023 Employed Civilian Pop : | 196 | 2,030 | 2,324 |
| 2023 Total Businesses : | 16 | 187 | 205 |
| 2023 Average Household Income : | $ 68,836 | $ 67,284 | $ 67,701 |
| 2023 Total Consumer Spending : | $ 13 M | $ 119 M | $ 137 M |
| 2023 Median Age : | 38 | 36 | 36 |
| 2023 Total Households : | 218 | 1,983 | 2,271 |
| 2023 Pop Age 25+: Bachelor's Degree : | 36 | 405 | 481 |
| 2023 Average Home Value : | $ 116,959 | $ 133,688 | $ 138,681 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 2014 | 16,716 | 0.04 mi | ||
| Hwy 6 | 2022 | 16,630 | 0.09 mi | |
| Farm-to-Market Road 485 | Royal Oak Dr | 2022 | 3,176 | 0.22 mi |
| FM 485 | 2022 | 19,999 | 0.69 mi | |
| State Hwy 6 | Hwy 79 | 2014 | 11,435 | 0.78 mi |
| W US Hwy 79 | Hwy 79 | 2018 | 5,606 | 0.92 mi |
| US Hwy 79 | 2022 | 5,700 | 0.92 mi | |
| FM 485 | Vaughn Ln | 2002 | 1,650 | 0.94 mi |
| US Hwy 79 | Woodland Dr | 2014 | 5,912 | 1.04 mi |
| North Market Street | N Magnolia St | 2022 | 19,703 | 1.06 mi |
Alpharetta, GA
Cap Rate 4.50%
Lease Abs NNN
R. Term 24.11 yrs
Size/SF 13,800
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
