Price $5,790,000 | Built/Renov 1968 | Tenant 7-Eleven |
Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
2,148
| Lease Start
05-13-2021
| #Units
83,282
|
Price/SF $2,695.53 | Expiration
05-13-2036
| Tenant Type Convenience/Gas |
NOI $275,004 | R. Term 12.5 | Ownership Fee Simple |
Rent/SF
$128.03
| Increases 7.5%/4/yrs | Pop 5Mi 11,748 |
Lot/AC 0.55 | Options 3/5yrs/7.5% | AHHI 5Mi $114,353 |
| |
7-Eleven is strategically located along Auburn Street with clear visibility and access to an average of 11,700 vehicles passing by daily. The property also benefits from direct access to State Highway 174 (15,500 VPD) and Interstate 80 (37,600 VPD), making this a centralized location with easy commutes. The offering features a freestanding 7-Eleven asset with 8 fueling stations. The tenants in...
...Hard corner intersection
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee
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 : | 2,087 | 5,802 | 11,752 |
2023 Total Population : | 2,085 | 5,793 | 11,748 |
2023 Employed Civilian Pop : | 1,054 | 2,759 | 5,428 |
2023 Total Businesses : | 147 | 193 | 295 |
2023 Average Household Income : | $ 109,294 | $ 107,801 | $ 114,353 |
2023 Total Consumer Spending : | $ 81 M | $ 223 M | $ 467 M |
2023 Median Age : | 50 | 51 | 52 |
2023 Total Households : | 872 | 2,419 | 4,764 |
2023 Pop Age 25+: Bachelor's Degree : | 288 | 763 | 1,874 |
2023 Average Home Value : | $ 592,216 | $ 621,381 | $ 657,636 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
State Rte 174 | I- 80 | 2017 | 15,500 | 0.03 mi |
Colfax Overcrossing | I- 80 | 2021 | 29,750 | 0.05 mi |
Colfax Highway | Central St | 2021 | 11,700 | 0.09 mi |
174 | 2018 | 6,400 | 0.09 mi | |
State Rte 174 | N Star Ave | 2017 | 6,100 | 0.10 mi |
State Rte 174 | Narrow Gage Rd | 2017 | 6,100 | 0.60 mi |
Tokayana Way | Old Tokayana | 2006 | 784 | 0.62 mi |
South Main Street | State Rte 174 | 2021 | 6,900 | 0.64 mi |
174 | 2018 | 6,400 | 0.65 mi | |
Ben Taylor Rd | Tokayana Way | 2005 | 1,734 | 0.67 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]