Skip to main content

Auto Service - Gas-Conv

7-Eleven

1021 Santa Barbara Blvd, Cape Coral, FL 33991

Listing Price: $4,920,000

Cap Rate
5.00%
Tenant Name
7 - Eleven
Years Remaining On Lease
9.3
Gross SF
2,880
Guarantor
Corporate Guarantee
Rentable SF
2,880
Price/Gross SF
$1,708.33
Lease Type
Absolute Net
Rent Per Square Feet
$85.42

Investment Overview

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.

Investment Highlights

  • 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)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

7-Eleven

Listing Price: $4,920,000

Cap Rate
5.00%
Tenant Name
7 - Eleven
Years Remaining On Lease
9.3
Gross SF
2,880
Guarantor
Corporate Guarantee
Rentable SF
2,880
Price/Gross SF
$1,708.33
Lease Type
Absolute Net
Rent Per Square Feet
$85.42

Investment Highlights

  • 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)

Investment Overview

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.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower