12270 Mercado Dr - Convenience Store FOR SALE


Venice, FL 34293- Venice/Englewood
$2,780,219 USD
847-562-8500
12270 Mercado Dr, Venice, FL for Sale
$2,780,219 USD
Convenience Store - FOR SALE
1/3
null | 4.55% Cap Rate

12270 Mercado Dr
Venice, FL 34293
Venice/Englewood


HIGHLIGHTS

  • Positioned within the North Port-Bradenton-Sarasota MSA
  • Low rent for a 7-Eleven location
  • Outparcel at West Villages Marketplace - anchored by Publix and part of the Wellen Park master-planned community (22,000 homes in development)
  • 20%+ projected population growth through 2029 – within one mile
  • The site features a c-store, fuel stations, and car wash
  • Affluent community - $160,000+ average household income within one mile

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased 7-Eleven property located in Venice, Florida, within the North Port-Bradenton-Sarasota MSA. The store was newly constructed in 2020 and operates 24/7 under a corporate lease through May 2040. The subject lease is absolute triple net presenting no landlord responsibilities. The lease includes 10% rent increases every ?ve years during the initial term and during the four renewal options. This location features a very low absolute rent of $126,500 compared to other 7-Eleven locations. The 4,089-square-foot 7-Eleven is positioned on an outparcel to the newly developed West Villages Marketplace, anchored by Publix. The center is part of the expansive Wellen Park master-planned community, which includes over 22,000 homes under development. The property bene?ts from excellent visibility and convenient access along South Tamiami Trail (30,500 VPD). It is located just minutes from the State College of Florida, Manatee–Sarasota, which enrolls more than 8,500 students. Surrounding national retailers include Costco, Fifth Third Bank, Primrose School, Chase Bank, Dunkin’, Ace Hardware, and UPS. The immediate area features affluent demographics, with an average household income exceeding $160,000 within one mile and a population of more than 62,000 residents within five miles. According to CoStar, the local population is projected to grow by over 20% through 2029. 7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic 7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over 84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas, and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing the first self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.

FOR SALE DETAILS

PRICE

$2,780,219 USD

PRICE/SF

$680 USD /SF

CAP RATE

4.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

V

APN/PARCEL ID

0783-01-0010

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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