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Views: 109 Updated: 11.21.24 Posted: 05.14.24 Status: Inactive 11.21.24

Summary

Price $10,961,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 05-09-2024
#Units 83,282
Price/SF $2,357.20
Expiration 05-08-2039
Tenant Type Convenience/Gas
NOI $548,029
R. Term 14.4
Ownership Fee Simple
Rent/SF $117.86
Increases 8.0%/5/yrs
Pop 5Mi 39,492
Lot/AC 2.02
Options 4/5yrs/8%
AHHI 5Mi $123,948

Lease Highlights

  • Brand new 2024 construction
  • 7-Eleven recently executed a brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 8% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located on Immokalee Road, the main thoroughfare, with access to 42,411 vehicles passing by daily. The site features a 7-Eleven branded convenience store with 7 MPDS and 14 pumps. The property is part of "The Randall at Orangetree" development, a brand new 50-acre shopping center featuring well-known national tenants such as Ace Hardware, McDonald's, ALDI, AutoZone,...

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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
2029 Total Population : 5,659 22,674 47,681
2024 Total Population : 4,363 19,387 41,279
2024 Employed Civilian Pop : 2,223 9,864 21,030
2024 Total Businesses : 64 303 695
2024 Average Household Income : $ 112,450 $ 126,503 $ 126,394
2024 Total Consumer Spending : $ 151 M $ 712 M $ 1550 M
2024 Median Age : 42 43 43
2024 Total Households : 1,568 6,558 14,232
2024 Pop Age 25+: Bachelor's Degree : 599 2,424 5,091
2024 Average Home Value : $ 499,582 $ 622,970 $ 623,235
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Randall Boulevard 16th St NE 2022 15,500 1.49 mi
20th Ave NE 2022 3,300 1.86 mi
Wilson Boulevard North 12th Ave NE 2022 6,600 2.32 mi
16th Street Northeast 12th Ave NE 2020 300 2.48 mi

Listing Broker

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