Price $7,500,000 | Built/Renov 2023 | Tenant 7-Eleven |
Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
4,730
| Lease Start
10-05-2023
| #Units
83,282
|
Price/SF $1,585.62 | Expiration
10-04-2038
| Tenant Type Convenience/Gas |
NOI $375,000 | R. Term 14.10 | Ownership Fee Simple |
Rent/SF
$79.28
| Increases 10.0%/5/yrs | Pop 5Mi 131,607 |
Lot/AC 2.44 | Options 4/5yrs/10% | AHHI 5Mi $112,872 |
| |
This newly constructed 7-Eleven is strategically located at the signalized, hard corner intersection of Oak Lake Boulevard and Genito Road seeing a combined 14,000 vehicles per day. The subject property consists of a 4,730 square foot retail space, a single row canopy with six fueling stations, twelve pumps, and ample parking on a large 2.44-acre parcel. Neighboring national/credit tenants in...
...New construction
Relocation store
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ 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 12,500...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 3,493 | 60,461 | 140,246 |
2023 Total Population : | 3,273 | 58,086 | 135,373 |
2023 Employed Civilian Pop : | 1,597 | 30,545 | 71,114 |
2023 Total Businesses : | 202 | 1,402 | 4,476 |
2023 Average Household Income : | $ 91,057 | $ 124,228 | $ 127,811 |
2023 Total Consumer Spending : | $ 92 M | $ 2373 M | $ 5570 M |
2023 Median Age : | 39 | 39 | 40 |
2023 Total Households : | 1,187 | 22,458 | 51,366 |
2023 Pop Age 25+: Bachelor's Degree : | 510 | 12,747 | 30,334 |
2023 Average Home Value : | $ 428,055 | $ 386,717 | $ 396,542 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Oak Lake Blvd | Oak Lake Trl | 2016 | 3,900 | 0.03 mi |
Genito Road | Genito Rd | 2021 | 14,000 | 0.27 mi |
Genito Road | S Ridge Dr | 2021 | 14,000 | 0.27 mi |
S Ridge Dr | Duck River Rd | 2015 | 1,300 | 0.30 mi |
South Ridge Drive | Duck River Rd | 2021 | 1,100 | 0.30 mi |
South Ridge Drive | Beaver Point Dr | 2021 | 1,500 | 0.31 mi |
South Ridge Circle | S Ridge Dr | 2021 | 100 | 0.33 mi |
Duck River Road | Shiloh Church Rd | 2021 | 210 | 0.34 mi |
Duck River Rd | Duck River Ct | 2009 | 280 | 0.35 mi |
Duck River Court | Duck River Rd | 2021 | 320 | 0.36 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]