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Views: 179 DOM: 712 Updated: 11.22.24 Posted: 01.18.23 Status: Active

Summary

Price $7,983,262
Built/Renov 2021
Tenant 7-Eleven
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 12-06-2021
#Units 83,282
Price/SF $1,716.83
Expiration 12-31-2036
Tenant Type Convenience/Gas
NOI $411,137
R. Term 12.0
Ownership Fee Simple
Rent/SF $88.42
Increases 10.0%/3/yrs
Pop 5Mi 99,215
Lot/AC 1.87
Options 4/5yrs/10%
AHHI 5Mi $78,263

Lease Highlights

  • New construction 2021
  • 7-Eleven recently signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years
  • Property features 7-Eleven’s restaurant component, Laredo Taco
  • Absolute NNN lease | Zero landlord responsibilities
  • Investor may be eligible for 100% depreciation
  • 7-Eleven is an investment grade tenant (S&P: A)

Location Description

This 7-Eleven with Laredo Taco and Raise the Roost is strategically positioned at the signalized intersection of 10 St. and Pine Ave. which see a combined traffic count of 52,550 VPD. The site benefits from being roughly 1 mile from downtown Ocala, which boasts numerous retailers and businesses. There are approximately 99,215 people living within a 5-mile radius, a number that has grown by 5%...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 3,788 42,012 89,743
2023 Total Population : 3,660 42,490 91,193
2023 Employed Civilian Pop : 1,170 17,358 39,131
2023 Total Businesses : 972 4,080 6,316
2023 Average Household Income : $ 50,102 $ 69,719 $ 80,828
2023 Total Consumer Spending : $ 64 M $ 1029 M $ 2661 M
2023 Median Age : 37 40 44
2023 Total Households : 1,440 16,790 37,712
2023 Pop Age 25+: Bachelor's Degree : 237 4,149 11,344
2023 Average Home Value : $ 174,081 $ 215,754 $ 246,629
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NW 10th St NW Pine Ave 2004 22,000 0.03 mi
NW Pine Ave NW 9th St 2004 31,500 0.05 mi
Northwest 10th Street NW 4th Ave 2021 19,000 0.13 mi
NW 10th St NW 1st Ave 2008 21,900 0.17 mi
NW Pine Ave NW 14th St 2008 30,000 0.19 mi
NW 10th St NW 7th Ave 2008 29,000 0.23 mi
North Magnolia Avenue NW 10th St 2021 1,050 0.29 mi
Pine Avenue NW 5th St 2020 28,000 0.32 mi
Pine Avenue NW 3rd St 2021 29,000 0.32 mi
N Magnolia Ave NW 8th St 2008 6,500 0.34 mi

Listing Broker

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