Price $1,684,000 | Built/Renov 1900/1981 | Tenant 7-Eleven |
Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
2,115
| Lease Start
05-26-2021
| #Units
83,282
|
Price/SF $796.22 | Expiration
05-26-2036
| Tenant Type Convenience/Gas |
NOI $80,004 | R. Term 12.5 | Ownership Fee Simple |
Rent/SF
$37.83
| Increases 7.5%/2/yrs | Pop 5Mi 5,647 |
Lot/AC 0.32 | Options 3/5yrs/7.5% | AHHI 5Mi $104,619 |
| |
7-Eleven is strategically located along South Main Street with clear visibility and access to an average of 9,600 vehicles passing by daily. The asset benefits from nearby access onto State Highway 4 (8,200 VPD), providing efficient commutes for employees and customers. The tenants in the trade area include US Bank, Dollar General, O’Reilly Auto Parts, Save Mart, McDonald’s, CVS Pharmacy, and...
...Dense retail corridor
Near major nationals
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ 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 : | 3,083 | 4,195 | 5,617 |
2023 Total Population : | 3,099 | 4,211 | 5,647 |
2023 Employed Civilian Pop : | 1,168 | 1,639 | 2,272 |
2023 Total Businesses : | 183 | 283 | 339 |
2023 Average Household Income : | $ 96,339 | $ 100,921 | $ 104,619 |
2023 Total Consumer Spending : | $ 122 M | $ 165 M | $ 223 M |
2023 Median Age : | 53 | 52 | 52 |
2023 Total Households : | 1,435 | 1,853 | 2,432 |
2023 Pop Age 25+: Bachelor's Degree : | 444 | 634 | 860 |
2023 Average Home Value : | $ 528,050 | $ 538,451 | $ 553,331 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
49 | Lee Ln | 2018 | 5,800 | 0.38 mi |
Murphys Grade Rd | Gardner Ln | 2009 | 4,956 | 0.44 mi |
Demarest Street | S Main St | 2021 | 5,725 | 0.48 mi |
S Main St | Stockton Rd | 2015 | 5,650 | 0.55 mi |
S Main St | Birds Way | 2015 | 6,000 | 0.60 mi |
Stockton Rd | Peri St | 2003 | 4,600 | 0.62 mi |
State Rte 4 | Tryon Rd | 2010 | 5,800 | 0.64 mi |
49 | 2018 | 6,000 | 0.66 mi | |
South Main Street | Finnegan Ln | 2021 | 7,650 | 0.66 mi |
S Main St | N Main St | 2015 | 9,600 | 0.74 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]