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Views: 31 DOM: 59 Updated: 07.09.24 Posted: 05.14.24 Status: Active

Summary

Price $10,961,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 05-09-2024
#Units 83,282
Price/SF $2,357.20
Expiration 05-08-2039
Tenant Type Convenience/Gas
NOI $548,029
R. Term 14.10
Ownership Fee Simple
Rent/SF $117.86
Increases 8.0%/5/yrs
Pop 5Mi 39,492
Lot/AC 2.02
Options 4/5yrs/8%
AHHI 5Mi $123,948

Lease Highlights

  • Brand new 2024 construction
  • 7-Eleven recently executed a brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located on Immokalee Road, the main thoroughfare, with access to 42,411 vehicles passing by daily. The site features a 7-Eleven branded convenience store with 7 MPDS and 14 pumps. The property is part of "The Randall at Orangetree" development, a brand new 50-acre shopping center featuring well-known national tenants such as Ace Hardware, McDonald's, ALDI, AutoZone,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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