7-Eleven

9455 Northwest 17th Avenue, Miami, FL 33147

$6,291,961

Cap Rate 5.25%

Updated: 11.28.23 Posted: 09.20.23 Status: Inactive

Summary

Price $6,291,961	Built/Renov 2020	Tenant 7-Eleven
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,408	Lease Start 05-06-2020	#Units 83,282
Price/SF $1,846.23	Expiration 05-31-2035	Tenant Type Convenience/Gas
NOI $330,328	R. Term 10.1	Ownership Fee Simple
Rent/SF $96.93	Increases 10.0%/2/yrs	Pop 5Mi 529,443
Lot/AC 0.99	Options 4/5yrs/10%	AHHI 5Mi $52,031

Lease Highlights

7-Eleven currently has over 11 years remaining on the current lease term with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Seven and I Holdings (OTCMKTS: SVNDY)
7-Eleven is an investment grade tenant (S&P: A)

Location Description

This high image, 3,408 square foot 7-Eleven C-store and gas station is located approximately 1 acre from a hard corner location, with excellent ingress and egress from both NW 95th Street (20K VPD) and NW 17th Avenue (16.5K VPD). The property is just moments from Miami Central High School which is home to over 1800 students. The 5-mile surrounding area boasts a robust population of 529,443...

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Key Features

Signalized intersection
Major thoroughfare
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Miami, Florida Zip Code 33147 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven and I Holdings
# 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 12,500...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	22,061	189,127	519,246
2023 Total Population :	22,437	190,217	510,347
2023 Employed Civilian Pop :	9,119	81,146	238,134
2023 Total Businesses :	463	8,682	29,821
2023 Average Household Income :	$ 54,988	$ 61,226	$ 69,657
2023 Total Consumer Spending :	$ 372 M	$ 3466 M	$ 11141 M
2023 Median Age :	38	38	39
2023 Total Households :	7,692	64,202	181,750
2023 Pop Age 25+: Bachelor's Degree :	1,827	16,144	52,155
2023 Average Home Value :	$ 402,806	$ 403,283	$ 436,060

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
NW 17th Ave	NW 95th St	2004	16,460	0.12 mi
Northwest 17th Avenue	NW 91st St	2021	18,500	0.22 mi
Northwest 95th Street	NW 95th St	2021	14,500	0.54 mi
Northwest 95th Street	NW 22nd Ave	2018	13,200	0.56 mi
Northwest 22nd Avenue	NW 99th St	2021	20,400	0.60 mi
NW 103rd St	NW 13th Ave	2009	25,500	0.62 mi
Northwest 103rd Street	NW 12th Ave	2021	28,500	0.73 mi
Northwest 103rd Street	NW 103rd St	2021	30,000	0.76 mi
Northwest 87th Street	NW 24th Ave	2021	3,500	0.92 mi
Northwest 7th Avenue	NW 94th St	2021	26,000	0.98 mi

Listing Broker

Brandon Hanna

ENCORE Real Estate Investment Services

Contact

38 Listings
8354 Views
10 Sold

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

78 Listings
14721 Views
35 Sold

Brandon Hanna

Brandon Hanna is a founding member and Managing Partner of Encore Real Estate Investment Services. Alongside his partners Deno Bistolarides and Ryan Vinco, Brandon oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. Throughout his investment brokerage career, Brandon has broken price per square foot records and cap rate records in nearly every market whic

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Deno Bistolarides

Deno Bistolarides is a founding member and Managing Partner of Encore Real Estate Investment Services. Along with his partners Brandon Hanna and Ryan Vinco, Deno oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. In his career, which has spanned over a decade, Deno has advised private clients, developers, institutions and has completed over 400 transacti

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