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| Price $5,500,000 | Built/Renov 2024 | Tenant 7-Eleven |
| Cap Rate 4.55% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
3,062
| Lease Start
06-15-2024
| #Units
83,282
|
| Price/SF $1,796.21 | Expiration
06-30-2039
| Tenant Type Convenience/Gas |
| NOI $250,000 | R. Term 14.7 | Ownership Fee Simple |
| Rent/SF
$81.65
| Increases 10.0%/5/yrs | Pop 5Mi 324,013 |
| Lot/AC 0.92 | Options 4/5yrs/10% | AHHI 5Mi $109,981 |
| | |
7-Eleven is strategically located at the signalized, hard corner intersection of S Rainbow Boulevard and W Windmill Lane, benefiting from a combined daily traffic count of 44,300 vehicles. The site features a 7-Eleven branded convenience store with 12 fuel pumps. The property is surrounded by well-known national tenants, including Walmart Supercenter, Sprouts Farmers Market, Albertsons,...
...New construction
Roof guarantee
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Long 15+ 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 : | 29,410 | 140,110 | 338,126 |
| 2023 Total Population : | 27,709 | 131,682 | 320,960 |
| 2023 Employed Civilian Pop : | 14,414 | 69,737 | 168,655 |
| 2023 Total Businesses : | 358 | 3,061 | 9,857 |
| 2023 Average Household Income : | $ 123,428 | $ 117,617 | $ 110,302 |
| 2023 Total Consumer Spending : | $ 989 M | $ 4695 M | $ 11465 M |
| 2023 Median Age : | 36 | 35 | 36 |
| 2023 Total Households : | 9,293 | 46,269 | 120,086 |
| 2023 Pop Age 25+: Bachelor's Degree : | 4,386 | 25,275 | 56,060 |
| 2023 Average Home Value : | $ 530,310 | $ 496,311 | $ 472,730 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| South Rainbow Boulevard | W Shelbourne Ave | 2022 | 30,500 | 0.15 mi |
| West Windmill Lane | S Wild Rose Falls St | 2022 | 9,950 | 0.16 mi |
| West Wigwam Avenue | 2017 | 3,300 | 0.44 mi | |
| West Wigwam Avenue | Redwood St | 2022 | 3,500 | 0.48 mi |
| West Wigwam Avenue | S Belcastro St | 2022 | 2,400 | 0.53 mi |
| S Rainbow Blvd | W Wigwam Ave | 2016 | 25,000 | 0.53 mi |
| West Robindale Road | Spindrift Cove St | 2022 | 7,300 | 0.60 mi |
| South Tenaya Way | W Wigwam Ave | 2022 | 470 | 0.70 mi |
| S Rainbow Blvd | W Eldorado Ln | 2008 | 26,000 | 0.87 mi |
| W Torino Ave | S Torrey Pines Dr | 2002 | 170 | 0.90 mi |
Long Beach, CA
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 3,010
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
