Price $10,538,000 | Built/Renov 2007/2022 | Tenant 7-Eleven |
Cap Rate 5.65% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
7,478
| Lease Start
08-01-2021
| #Units
5
|
Price/SF $1,409.20 | Expiration
08-01-2036
| Tenant Type Convenience/Gas |
NOI $595,400 | R. Term 12.7 | Ownership Fee Simple |
Rent/SF
$79.62
| Increases 7.5%/3/yrs | Pop 5Mi 80,533 |
Lot/AC 2.36 | Options 3/5yrs/4% | AHHI 5Mi $81,497 |
| |
7-Eleven is strategically located at the signalized, hard-corner intersection of W. Loop 281 and W. Cotton Street, which averages a combined 23,200 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign along W. Loop 281. Furthermore, the property is situated next to several large industrial facilities for PODS, Phoenix...
...Signalized intersection
Strategically located
Highway location
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Personal 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 : | 2,870 | 38,347 | 81,473 |
2023 Total Population : | 2,787 | 37,969 | 81,089 |
2023 Employed Civilian Pop : | 1,157 | 16,746 | 36,374 |
2023 Total Businesses : | 243 | 2,567 | 4,352 |
2023 Average Household Income : | $ 69,979 | $ 80,536 | $ 78,129 |
2023 Total Consumer Spending : | $ 61 M | $ 1047 M | $ 2180 M |
2023 Median Age : | 36 | 37 | 37 |
2023 Total Households : | 1,008 | 14,929 | 31,992 |
2023 Pop Age 25+: Bachelor's Degree : | 338 | 4,679 | 9,260 |
2023 Average Home Value : | $ 187,083 | $ 202,065 | $ 210,246 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
S Ward Dr | W Marshall Ave | 2013 | 357 | 0.51 mi |
H G Mosley Parkway | Pinegrove Ln | 2021 | 10,161 | 0.57 mi |
H G Mosley Parkway | W Marshall Ave | 2020 | 6,925 | 0.57 mi |
West Loop 281 | W Marshall Ave | 2021 | 19,720 | 0.57 mi |
West Loop 281 | Jaycee Dr | 2020 | 18,392 | 0.57 mi |
Enterprise St | McKay Dr | 2013 | 2,304 | 0.63 mi |
Conroe St | W River Oaks Dr | 2013 | 463 | 0.66 mi |
N Ward Dr | Stonehaven Dr | 2013 | 658 | 0.69 mi |
West Loop 281 | Karnes Rd | 2021 | 17,974 | 0.69 mi |
West Loop 281 | W Harrison Rd | 2020 | 17,087 | 0.69 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]