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| Price $7,379,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.15% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,190
| Lease Start
11-16-2023
| #Units
83,282
|
| Price/SF $1,761.10 | Expiration
11-30-2038
| Tenant Type Convenience/Gas |
| NOI $380,000 | R. Term 14.0 | Ownership Fee Simple |
| Rent/SF
$90.69
| Increases 7.5%/4/yrs | Pop 5Mi 73,377 |
| Lot/AC 1.49 | Options 5/5yrs/7.5% | AHHI 5Mi $95,437 |
| | |
7-Eleven is strategically located at the signalized hard corner intersection of Williams Drive and Wildwood Drive, with access to a combined daily traffic count of 23,900 vehicles. The property is a large-format 7-Eleven with new store amenities, including 14 parking spaces and 8 gasoline MPDs. Additionally, it is situated directly across from Cedar Place West, a retail center shadow-anchored...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
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...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
