1799 N University Dr - Convenience Store FOR SALE


Plantation, FL 33322
$6,664,000 USD
954-302-7365
1799 N University Dr, Plantation, FL for Sale
$6,664,000 USD
Convenience Store - FOR SALE
1/10
null | 5% Cap Rate

1799 N University Dr
Plantation, FL 33322


HIGHLIGHTS

  • 6+ Years Remaining | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Apartments & Schools
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics in 5-mile Trade Area | Direct Consumer Base

OVERVIEW

• The tenant currently has 6+ years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 7.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation • 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada

FOR SALE DETAILS

PRICE

$6,664,000 USD

PRICE/SF

$2,380 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 6+Yrs Remain Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

Commercial

APN/PARCEL ID

49-41-33-12-0010

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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