Price $5,935,000 | Built/Renov 2024 | Tenant 7-Eleven |
Cap Rate 5.35% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
4,650
| Lease Start
02-01-2024
| #Units
83,282
|
Price/SF $1,276.34 | Expiration
01-31-2039
| Tenant Type Convenience/Gas |
NOI $317,496 | R. Term 15.1 | Ownership Fee Simple |
Rent/SF
$68.28
| Increases 10.0%/6/yrs | Pop 5Mi 146,670 |
Lot/AC 1.16 | Options 4/5yrs/10% | AHHI 5Mi $83,646 |
| |
7-Eleven is strategically located at the signalized intersection of Settlers Landing Road and S Armistead Ave, with access to a combined traffic count of 20,900 vehicles passing by daily. The property's location places it within a 4-mile radius of Langley Air Force Base and within 5 miles of Newport News Shipbuilding. Additionally, it is situated near Hampton University, Old Dominion...
...New construction
Signalized intersection
Hard corner intersection
Dense retail corridor
Highway close
Strong demographics
Brand new lease
Absolute NNN
Traded and rated company
Corporate Guarantee
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 : | 13,218 | 72,540 | 155,529 |
2023 Total Population : | 12,707 | 71,819 | 155,281 |
2023 Employed Civilian Pop : | 5,560 | 32,479 | 67,166 |
2023 Total Businesses : | 504 | 2,081 | 3,711 |
2023 Average Household Income : | $ 74,895 | $ 82,399 | $ 80,597 |
2023 Total Consumer Spending : | $ 292 M | $ 2145 M | $ 4396 M |
2023 Median Age : | 31 | 37 | 36 |
2023 Total Households : | 4,465 | 29,967 | 62,695 |
2023 Pop Age 25+: Bachelor's Degree : | 1,317 | 8,372 | 17,011 |
2023 Average Home Value : | $ 251,671 | $ 255,825 | $ 271,284 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
S Armistead Ave | Settlers Landing Rd | 2016 | 12,000 | 0.03 mi |
North Armistead Avenue | Settlers Landing Rd | 2018 | 12,000 | 0.03 mi |
North Armistead Avenue | Settlers Landing Rd | 2018 | 12,000 | 0.04 mi |
S Armistead Ave | Settlers Landing Rd | 2016 | 12,000 | 0.04 mi |
Settlers Landing Road | S Armistead Ave | 2018 | 14,000 | 0.04 mi |
Settlers Landing Road | Mariners Cove Rd | 2021 | 14,000 | 0.05 mi |
Settlers Landing Road | Bacon St | 2018 | 14,000 | 0.05 mi |
Settlers Landing Rd | Bacon St | 2016 | 14,000 | 0.06 mi |
Settlers Landing Road | S Armistead Ave | 2021 | 14,000 | 0.06 mi |
W Queen St | Stewart St | 2011 | 1,000 | 0.09 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]