$5,200,000 USD
561-512-1658
HIGHLIGHTS
- Both tenants operate under NNN leases with taxes, insurance, and maintenance passed through.
- 7-Eleven has ±12.36 years remaining on its lease with three additional five-year options.
- 7-Eleven lease corporately guaranteed by 7-Eleven, Inc., an Investment Grade company rated "A" by S&P.
- 7-Eleven has been operating at this location since 2017 and signed a 15-year renewal.
- 10% rent escalations every 5 years for 7-Eleven; 3% annual increases for iVape ATX.
- Direct access to U.S. Route 183 (±138,371 VPD) with a dedicated exit lane from the highway.
FOR SALE DETAILS
PRICE
$5,200,000 USD
PRICE/SF
$1,425 USD /SF
CAP RATE
5.74%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven Retail Building
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.61 AC
LAND SF
26,615 SF
ZONING
F1-48
APN/PARCEL ID
478321
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
561-512-1658
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
561-512-1658
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
