loader
Join Free
Updated: 03.20.24 Posted: 01.18.23 Status: Sold

Summary

Price $7,145,700
Built/Renov 2022
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 04-07-2022
#Units 83,282
Price/SF $1,536.71
Expiration 04-06-2037
Tenant Type Convenience/Gas
NOI $357,285
R. Term 11.11
Ownership Fee Simple
Rent/SF $76.84
Increases 10.0%/5/yrs
Pop 5Mi 85,115
Lot/AC 3.06
Options 4/5yrs/10%
AHHI 5Mi $66,368

Lease Highlights

  • New construction 2022
  • 7-Eleven recently signed a brand-new lease 15-year lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years
  • Investor may be eligible for 100% bonus depreciation
  • Property features 7-Eleven’s restaurant component, Laredo Taco
  • 7-Eleven is an investment grade tenant (S&P: A)

Location Description

This 7-Eleven with Laredo Taco is located strategically located at the hard corner intersection of 63rd Avenue East and 301 Blvd East with daily traffic of more than 30,200 vehicles per day (combined at intersection). It is also located less than 5 miles from Sarasota International Airport with 3.1 million annual passengers. Nearby retailers include Target, TJ Maxx, KFC, Firestone and more,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven & I Hold
  • # Units:83,282
  • Tenant S&P: A
  • Moody’s: Baa2
  • Stock: OTCMKTS: SVNDY

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,543 79,078 190,192
2023 Total Population : 10,844 80,656 190,371
2023 Employed Civilian Pop : 4,318 33,601 81,341
2023 Total Businesses : 738 3,576 8,297
2023 Average Household Income : $ 74,079 $ 71,040 $ 75,953
2023 Total Consumer Spending : $ 235 M $ 2080 M $ 5410 M
2023 Median Age : 32 45 47
2023 Total Households : 3,595 33,556 81,770
2023 Pop Age 25+: Bachelor's Degree : 668 8,657 23,232
2023 Average Home Value : $ 227,612 $ 246,234 $ 294,024
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
15th Street East 63rd Ave E 2021 11,000 0.16 mi
9th Street East 59th Ter E 2021 5,700 0.67 mi
Pennsylvania Avenue Magellan Dr 2021 4,700 0.73 mi
63rd Avenue East Mango St 2021 15,700 0.92 mi
US 301 53rd Ave E 2021 41,000 1.14 mi
Whitfield Avenue Hwy 301 2021 7,200 1.17 mi
United States Highway 301 Whitfield Ave 2005 36,500 1.22 mi
Whitfield Avenue Waverly St 2021 4,200 1.23 mi
63rd Avenue East 29th St E 2021 19,100 1.23 mi
53rd Ave E 15th St E 2005 35,000 1.25 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity