| Price $7,568,545 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.15% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,000
| Lease Start
02-11-2023
| #Units
83,282
|
| Price/SF $1,513.71 | Expiration
02-28-2038
| Tenant Type Convenience/Gas |
| NOI $389,780 | R. Term 13.9 | Ownership Fee Simple |
| Rent/SF
$77.96
| Increases 10.0%/4/yrs | Pop 5Mi 56,274 |
| Lot/AC 3.24 | Options 4/5yrs/10% | AHHI 5Mi $90,012 |
| | |
This newly constructed 7-Eleven, equipped with a Laredo Taco and a Roost Chicken, is strategically located on Three Notch Road which sees 34,800+ vehicles passing by daily. Surrounding retailers include Sonic, Mission BBQ, Walmart and more, promoting strong crossover traffic to the site. 56,274 people, earning an average household income of $90,012 occupy the surrounding 5-mile radius....
...New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent suburb location
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 : | 5,419 | 27,281 | 57,969 |
| 2023 Total Population : | 5,387 | 26,565 | 56,789 |
| 2023 Employed Civilian Pop : | 2,603 | 13,091 | 27,803 |
| 2023 Total Businesses : | 321 | 1,055 | 1,764 |
| 2023 Average Household Income : | $ 133,815 | $ 117,870 | $ 132,099 |
| 2023 Total Consumer Spending : | $ 249 M | $ 1073 M | $ 2535 M |
| 2023 Median Age : | 35 | 34 | 36 |
| 2023 Total Households : | 2,194 | 10,586 | 22,415 |
| 2023 Pop Age 25+: Bachelor's Degree : | 983 | 3,492 | 8,203 |
| 2023 Average Home Value : | $ 354,040 | $ 325,221 | $ 371,418 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Three Notch Road | 2017 | 33,831 | 0.28 mi | |
| Buck Hewitt Rd | Three Notch Rd | 2018 | 5,131 | 0.33 mi |
| Millstone Landing Road | Esperanza Dr | 2020 | 1,613 | 0.39 mi |
| Millstone Landing Road | 2017 | 1,940 | 0.48 mi | |
| Chancellors Run Road | 2018 | 20,031 | 0.61 mi | |
| Chancellors Run Rd | Sayre Dr | 2003 | 14,850 | 0.65 mi |
| Buck Hewitts Rd | Oriole Dr | 2020 | 4,293 | 0.71 mi |
| MD 235 | Exploration Dr | 2020 | 29,061 | 0.90 mi |
| Town Creek Drive | Ford Dr | 2018 | 2,821 | 1.00 mi |
| Town Creek Drive | 2017 | 2,850 | 1.07 mi |
Franklin, NH
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 4,350
Glenarden, MD
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 4,000
Palatine, IL
Cap Rate 4.50%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 5,938
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
