1021 Santa Barbara Blvd - Convenience Store FOR SALE


Cape Coral, FL 33991
$5,020,000 USD
954-256-1350
1021 Santa Barbara Blvd, Cape Coral, FL for Sale
$5,020,000 USD
Convenience Store - FOR SALE
1/7
null | 4.9% Cap Rate

1021 Santa Barbara Blvd
Cape Coral, FL 33991


HIGHLIGHTS

  • Long Term Occupancy
  • Scheduled Rent Increases
  • Zero Management Responsibilities
  • Potential Bonus Depreciation

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple interest in a single-tenant, freestanding 7-Eleven gas station and convenience store located at 1021 Santa Barbara Boulevard S in Cape Coral, Florida (the “Property”). 7-Eleven has been at the Property for over 20 years and recently executed two renewal options (at the same time), demonstrating their commitment to the site and market. 7-Eleven has over eight (8) years remaining on their Absolute NNN Lease with three (3), 5-year renewal options. The lease provides attractive rent increases every five years in the primary lease term and at the commencement of the renewal options. The Property occupies a prominent corner at the signalized intersection of Santa Barbara Boulevard South and Nicholas Parkway, two primary commuter corridors in the heart of Cape Coral. The site benefits from strong visibility, excellent frontage, and convenient ingress and egress, positioning 7-Eleven to capture consistent traffic from surrounding residential and commercial activity. The Property is surrounded by densely populated residential neighborhoods and area schools, creating a reliable built-in customer base. In addition, the site is conveniently located near major retail and dining corridors, including Pine Island Road, Veterans Parkway, and Del Prado Boulevard South, which feature a concentration of national retailers and restaurants that drive significant daily traffic. The Property also benefits from proximity to major employment centers and medical facilities, further supporting consistent demand from area residents, employees, and commuters and reinforcing the site’s strong position within the Cape Coral trade area.

FOR SALE DETAILS

PRICE

$5,020,000 USD

PRICE/SF

$1,743 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C

APN/PARCEL ID

24-44-23-C1-01027.0010

ASK ABOUT THIS PROPERTY

Ken SaluteHorvath & TremblayMore Info
954-256-1350

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Ken SaluteHorvath & TremblayMore Info
954-256-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.