| Price $7,412,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.10% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,842
| Lease Start
11-01-2023
| #Units
83,282
|
| Price/SF $1,530.77 | Expiration
11-01-2038
| Tenant Type Convenience/Gas |
| NOI $378,000 | R. Term 14.5 | Ownership Fee Simple |
| Rent/SF
$78.07
| Increases 7.5%/4/yrs | Pop 5Mi 231,015 |
| Lot/AC 2.11 | Options 4/5yrs/7.5% | AHHI 5Mi $81,604 |
| | |
7-Eleven is strategically located at the hard corner intersection of 2 Mile Road and Shary Road, with access to a substantial combined daily traffic count of 65,612 vehicles. The property is conveniently situated just 15 minutes from South Texas College, which boasts an enrollment of over 25,000 students. The immediate vicinity is surrounded by well-known national tenants, including Starbucks,...
...New construction
Signalized intersection
High traffic 50M+ VPD
Near major nationals
Dense 200M+ pop 5 mi
Income tax free state
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...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
