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| Price $5,725,000 $6,035,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.27% 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,088
| Lease Start
02-15-2023
| #Units
83,282
|
| Price/SF $1,400.44 $1,476.27 | Expiration
02-14-2038
| Tenant Type Convenience/Gas |
| NOI $301,743 | R. Term 12.6 | Ownership Fee Simple |
| Rent/SF
$73.81
| Increases 10.0%/5/yrs | Pop 5Mi 182,316 |
| Lot/AC 0.88 | Options 4/5yrs/10% | AHHI 5Mi $65,071 |
| | |
The property is ideally located at the hard corner, signalized intersection of West Mercury Boulevard and Big Bethel Road, which is trafficked by a combined 55,500 vehicles per day. Furthermore, the site benefits from a large pylon sign, creating excellent visibility, and multiple points on ingress/egress. The asset is strategically located within a strong well-established retail corridor that...
...New construction
Signalized intersection
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
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 | |
| 2028 Total Population : | 12,094 | 86,836 | 182,375 |
| 2023 Total Population : | 12,333 | 87,280 | 182,765 |
| 2023 Employed Civilian Pop : | 5,724 | 40,968 | 83,213 |
| 2023 Total Businesses : | 276 | 2,716 | 5,501 |
| 2023 Average Household Income : | $ 66,830 | $ 76,465 | $ 78,917 |
| 2023 Total Consumer Spending : | $ 313 M | $ 2557 M | $ 5217 M |
| 2023 Median Age : | 43 | 38 | 36 |
| 2023 Total Households : | 5,425 | 38,371 | 75,875 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,488 | 10,271 | 20,875 |
| 2023 Average Home Value : | $ 295,312 | $ 287,434 | $ 280,483 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Big Bethel Rd | Hollomon Dr | 2016 | 10,000 | 0.16 mi |
| West Mercury Boulevard | Shreck Dr | 2018 | 48,000 | 0.19 mi |
| Big Bethel Rd | Threechopt Rd | 2016 | 10,000 | 0.21 mi |
| Big Bethel Rd | Sunnyside Dr | 2016 | 9,700 | 0.23 mi |
| West Mercury Boulevard | Martha Lee Dr | 2021 | 45,000 | 0.30 mi |
| West Mercury Boulevard | Martha Lee Dr | 2018 | 48,000 | 0.30 mi |
| West Mercury Boulevard | Orcutt Ave | 2021 | 45,000 | 0.30 mi |
| W Weaver Rd | Woodbury Forrest Dr | 2014 | 2,612 | 0.33 mi |
| Big Bethel Road | Threechopt Rd | 2020 | 8,200 | 0.33 mi |
| Big Bethel Road | Threechopt Rd | 2018 | 10,000 | 0.33 mi |
Orangeburg, SC
Cap Rate 5.50%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 4,050
Visalia, CA
Cap Rate 6.00%
Lease Abs NNN
R. Term 16.10 yrs
Size/SF 3,204
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]
