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7-Eleven
9455 Northwest 17th Avenue, Miami, FL 33147
$6,291,961
Cap Rate 5.25%
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 11.5 | 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...
...Features
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Signalized intersection
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Major thoroughfare
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Strategically located
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Dense 200M+ pop 5 mi
-
Top 100 MSA
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Income tax free state
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Absolute NNN
-
Long 10+ yr lease
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Accelerated depreciation
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Traded and rated company
...
Maps
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...
...
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 |
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 |
