7-Eleven

7-Eleven

Cape Coral, FL

Cape Coral, FL

7-Eleven

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in Cape Coral, FL. The property consists of a 2,880-square-foot, freestanding building that sits on approximately 1.17 acres of land. There are 10 years remaining on the lease with 3 rental increases every 5 years. Ryan Nee; Florida Broker of Record; 5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309; (954) 245-3400; License: BK3154667

Price $4,920,000
Cap Rate 5.0%
Building Size 2,880 sqft
Lot Size 1.17 acres
Year Built 2001
Offering Memorandum

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Salim Bhaidani

Director
(972) 755-5314
Salim.Bhaidani@marcusmillichap.com
License: TX 722548
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172
Duke.Dennis@marcusmillichap.com

 

  • Absolute Net Lease with 10 Years Remaining
  • Top Seven Percent Nationwide Among 7-Eleven Locations by Annual Visits
  • Signalized Hard Corner of Santa Barbara Boulevard and Nicholas Parkway (35,592 VPD)
  • More Than 172,465 Residents and 140,415 Employees Within a Five-Mile Radius
  • Large 1.17 Acre Parcel with Ample Parking and Multiple Access Points
  • 9.75 Percent Rent Escalation in Year 11, and 12 Percent Every Five Years in the Options
  • One Mile to Sun Splash Family Waterpark (200,000 Annual Visitors)
  • Cape Coral: Fast-Growing Southwest Florida Market with 15th Largest U.S. Population Increase (2022-2023)
  • 7-Eleven Corporate Guarantee (Investment Grade Tenant)

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Salim Bhaidani

Director
(972) 755-5314
Salim.Bhaidani@marcusmillichap.com
License: TX 722548

$2,120,000

6.25% Cap

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