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7-Eleven

14905 Tamiami Trail E, Naples, FL 34114

Listing Price: $9,560,494

Cap Rate
4.25%
Tenant Name
7-Eleven
Years Remaining On Lease
15.2
Gross SF
4,434
Guarantor
Corporate Guarantee
Rentable SF
4,434
Price/Gross SF
$2,156.18
Lease Type
Absolute Net
Rent Per Square Feet
$91.64

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 14905 Tamiami Trail East located in Naples, Florida. The property consists of roughly 4,434 rentable square feet of building space on an estimated 2.70 parcel of land.
7-Eleven is subject to a brand new 15-Year Absolute Triple-Net (NNN) lease. The initial rent is $406,321 annually with 10% increases every 5 years. There are four (4), five (5)-year tenant renewal options, extending the total possible lease term to 35 years.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every Five (5) Years
  • 4, 5-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
  • Investment Grade Credit Guarantee: 7-Eleven Corporate (S&P: AA-)
  • Oversized Lot 2.70 Acres
  • Fee Simple Eligible for Bonus Depreciation

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $9,560,494

Cap Rate
4.25%
Tenant Name
7-Eleven
Years Remaining On Lease
15.2
Gross SF
4,434
Guarantor
Corporate Guarantee
Rentable SF
4,434
Price/Gross SF
$2,156.18
Lease Type
Absolute Net
Rent Per Square Feet
$91.64

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every Five (5) Years
  • 4, 5-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
  • Investment Grade Credit Guarantee: 7-Eleven Corporate (S&P: AA-)
  • Oversized Lot 2.70 Acres
  • Fee Simple Eligible for Bonus Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 14905 Tamiami Trail East located in Naples, Florida. The property consists of roughly 4,434 rentable square feet of building space on an estimated 2.70 parcel of land.
7-Eleven is subject to a brand new 15-Year Absolute Triple-Net (NNN) lease. The initial rent is $406,321 annually with 10% increases every 5 years. There are four (4), five (5)-year tenant renewal options, extending the total possible lease term to 35 years.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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