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| Price $6,575,000 | Built/Renov 2020 | Tenant 7-Eleven |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,842
| Lease Start
05-01-2021
| #Units
83,282
|
| Price/SF $1,357.91 | Expiration
04-30-2036
| Tenant Type Convenience/Gas |
| NOI $295,899 | R. Term 11.7 | Ownership Fee Simple |
| Rent/SF
$61.11
| Increases 10.0%/2/yrs | Pop 5Mi 194,035 |
| Lot/AC 2.10 | Options 5/5yrs/10% | AHHI 5Mi $122,727 |
| | |
7-Eleven is strategically located at the signalized, hard corner intersection of Spring Cypress Road and Telge Road, with access to a high combined daily traffic count of 53,700 vehicles. Spring Cypress Road is a major thoroughfare that spans 20 miles, connecting I-45 to Highway 290. The property is adjacent to Little Cypress Creek Preserve and is just minutes from renowned golf courses,...
...New construction
Signalized intersection
High traffic 50M+ VPD
Near major nationals
Strong demographics
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 9,318 | 78,268 | 210,024 |
| 2022 Total Population : | 9,234 | 76,551 | 205,034 |
| 2022 Employed Civilian Pop : | 4,859 | 39,530 | 105,289 |
| 2022 Total Businesses : | 184 | 2,079 | 6,123 |
| 2022 Average Household Income : | $ 182,616 | $ 159,109 | $ 140,653 |
| 2022 Total Consumer Spending : | $ 459 M | $ 3361 M | $ 8161 M |
| 2022 Median Age : | 37 | 37 | 36 |
| 2022 Total Households : | 3,042 | 25,356 | 68,887 |
| 2022 Pop Age 25+: Bachelor's Degree : | 2,571 | 19,556 | 46,990 |
| 2022 Average Home Value : | $ 394,296 | $ 357,975 | $ 328,844 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Spring Cypress Road | Telge Rd | 2019 | 24,458 | 0.05 mi |
| Spring Cypress Rd | Telge Rd | 2009 | 15,416 | 0.13 mi |
| Telge Road | Spring Cypress Rd | 2019 | 34,511 | 0.20 mi |
| Telge Rd | Louetta | 2008 | 27,937 | 0.32 mi |
| Louetta Rd | Spring Cypress Rd | 2008 | 1,953 | 0.52 mi |
| Telge Rd | Longwood TrceDr | 2014 | 24,197 | 0.53 mi |
| Huffmeister Rd | Northlake Forest Dr | 2001 | 4,160 | 0.54 mi |
| Louetta Rd | Spring Cypress Rd | 2011 | 4,320 | 0.55 mi |
| Spring Cypress Rd | Cypress Forest Dr | 2011 | 9,220 | 0.59 mi |
| Spring Cypress Road | Cypress Forest Dr | 2019 | 21,367 | 0.60 mi |
Glenarden, MD
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 4,000
Harlingen, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 4,842
Orangeburg, SC
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 4,050
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
