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Grocery Store

Miami 7-11 Convenience Store - Hard Corner

701 NW 12th Ave, Miami, FL 33136

Listing Price: $2,660,638

Cap Rate
4.70%
Tenant Name
7-Eleven Convenience Store
Years Remaining On Lease
7.0
Gross SF
4,031
Guarantor
Personal Guarantee
Rentable SF
4,031
Price/Gross SF
$660.04
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.52

Investment Overview

6
Investment Overview
Marcus & Millichap is pleased to present for sale this Net
Leased 7-11 located at 701-735 NW 12th Avenue in Miami's Little
Havana Neighborhood. The subject property consists of a 4,031 SF Freestanding
Building sitting on a 18,216 SF parcel.
Strategically located on the signalized intersection of 12th Avenue
and Northwest 7th Street, the property benefits from great visibility and
is exposed to traffic counts exceeding 55,000 vehicles per day. The Draw
bridge adjacent to the site is raised multiple times daily creating a bottle
neck of vehicles at the intersection which can increase customer
attention. NW 12th Avenue is a main artery that feeds into the 836 on
ramp, Jackson Memorial Hospital, and the Miami-Dade Criminal
Courthouse.
Per Placer, this 7-11 is ranked in the top 15% percentile across the
Nation. This site not only has below market rent but also favorable
zoning allowing for 61 Multifamily units. Additionally, Little Havana
boast over 315,000 people within a 3-mile radius, and Jackson Health
Systems employees over 10,500 people.

Investment Highlights

  • NNN Credit Rated Tenant with Minimal Landlord Responsibilities
  • 9+ Years of Operational History at This Location | 7-11 Agreed to Exercise Their Option Early which Demonstrates their Commitment to this Location
  • S&P Credit Rating A
  • Replaceable Rent with Future Upside
  • 18,216 sf Lot with 16 Parking Spaces (4 spaces Per 1k SF)
  • Located on the Signalized Intersection of 12th Avenue & NW 7th Street with over 55,800 Vehicles Per day | Less than 1,500 Feet from the 836 Expressway On Ramp
  • Per Placer AI This store Ranks in the top 15% percentile Nationwide
  • Over 56,000 People Live within a 1-Mile Radius

Exclusively Listed By

Financing By

Grocery Store

Miami 7-11 Convenience Store - Hard Corner

Listing Price: $2,660,638

Cap Rate
4.70%
Tenant Name
7-Eleven Convenience Store
Years Remaining On Lease
7.0
Gross SF
4,031
Guarantor
Personal Guarantee
Rentable SF
4,031
Price/Gross SF
$660.04
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.52

Investment Highlights

  • NNN Credit Rated Tenant with Minimal Landlord Responsibilities
  • 9+ Years of Operational History at This Location | 7-11 Agreed to Exercise Their Option Early which Demonstrates their Commitment to this Location
  • S&P Credit Rating A
  • Replaceable Rent with Future Upside
  • 18,216 sf Lot with 16 Parking Spaces (4 spaces Per 1k SF)
  • Located on the Signalized Intersection of 12th Avenue & NW 7th Street with over 55,800 Vehicles Per day | Less than 1,500 Feet from the 836 Expressway On Ramp
  • Per Placer AI This store Ranks in the top 15% percentile Nationwide
  • Over 56,000 People Live within a 1-Mile Radius

Investment Overview

6 Investment Overview Marcus & Millichap is pleased to present for sale this Net Leased 7-11 located at 701-735 NW 12th Avenue in Miami's Little Havana Neighborhood. The subject property consists of a 4,031 SF Freestanding Building sitting on a 18,216 SF parcel. Strategically located on the signalized intersection of 12th Avenue and Northwest 7th Street, the property benefits from great visibility and is exposed to traffic counts exceeding 55,000 vehicles per day. The Draw bridge adjacent to the site is raised multiple times daily creating a bottle neck of vehicles at the intersection which can increase customer attention. NW 12th Avenue is a main artery that feeds into the 836 on ramp, Jackson Memorial Hospital, and the Miami-Dade Criminal Courthouse. Per Placer, this 7-11 is ranked in the top 15% percentile across the Nation. This site not only has below market rent but also favorable zoning allowing for 61 Multifamily units. Additionally, Little Havana boast over 315,000 people within a 3-mile radius, and Jackson Health Systems employees over 10,500 people.

Exclusively Listed By

Financing By

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