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7-Eleven I Prime South FL I Rare Low-Rent Unit

1690 SE Walton Rd, Port St. Lucie, FL 34952

Listing Price: $2,927,700

Cap Rate
4.00%
Tenant Name
7-Eleven
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
2,941
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.82

Investment Overview

Recently Renovated 7-Eleven Ground Leased Asset: Recently Renovated (2019) Ground Leased 7-Eleven Located at the Signalized Intersection of Walton Road and Village Green Drive (20,000+ VPD). Lease Extended in 2022 Providing Ideal 1031 Opportunity: Lease Recently Extended Through 2034 Providing 12 Years of Firm Term. Rare, Low-Rent Unit Providing Maximum Security: Subject Property Features One of the Lowest and Most Replaceable 7-Eleven Rents in the State of Florida. Area Secured by Multiple Anchors and Major Retails: Activity Generators Include HCA Florida St. Lucie Hospital, MidFlorida Credit UnionEvent Center, and East Port Plaza (Publix Anchored). Ironclad 7-Eleven Corporate Guarantee: Lease Backed by the Strongest Credit in the NNN Market. Coveted South FL Real Estate in Income-Tax Free State: 127,000 People Situated in a 5-Mile Radius with 3% Population Growth Projected in that Area by 2026.

Investment Highlights

  • Recently Renovated 7-Eleven Ground Leased Asset: Recently Renovated (2019) Ground Leased 7-Eleven Located at the Signalized Intersection of Walton Road and Village Green Drive (20,000+ VPD)
  • Lease Extended in 2022 Providing Ideal 1031 Opportunity: Lease Recently Extended Through 2034 Providing 12 Years of Firm Term
  • Rare, Low-Rent Unit Providing Maximum Security: Subject Property Features One of the Lowest and Most Replaceable 7-Eleven Rents in the State of Florida
  • Area Secured by Multiple Anchors and Major Retails: Activity Generators Include HCA Florida St. Lucie Hospital, MidFlorida Credit UnionEvent Center, and East Port Plaza (Publix Anchored)
  • Ironclad 7-Eleven Corporate Guarantee: Lease Backed by the Strongest Credit in the NNN Market
  • Coveted South FL Real Estate in Income-Tax Free State: 127,000 People Situated in a 5-Mile Radius with 3% Population Growth Projected in that Area by 2026

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

7-Eleven I Prime South FL I Rare Low-Rent Unit

Listing Price: $2,927,700

Cap Rate
4.00%
Tenant Name
7-Eleven
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
2,941
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.82

Investment Highlights

  • Recently Renovated 7-Eleven Ground Leased Asset: Recently Renovated (2019) Ground Leased 7-Eleven Located at the Signalized Intersection of Walton Road and Village Green Drive (20,000+ VPD)
  • Lease Extended in 2022 Providing Ideal 1031 Opportunity: Lease Recently Extended Through 2034 Providing 12 Years of Firm Term
  • Rare, Low-Rent Unit Providing Maximum Security: Subject Property Features One of the Lowest and Most Replaceable 7-Eleven Rents in the State of Florida
  • Area Secured by Multiple Anchors and Major Retails: Activity Generators Include HCA Florida St. Lucie Hospital, MidFlorida Credit UnionEvent Center, and East Port Plaza (Publix Anchored)
  • Ironclad 7-Eleven Corporate Guarantee: Lease Backed by the Strongest Credit in the NNN Market
  • Coveted South FL Real Estate in Income-Tax Free State: 127,000 People Situated in a 5-Mile Radius with 3% Population Growth Projected in that Area by 2026

Investment Overview

Recently Renovated 7-Eleven Ground Leased Asset: Recently Renovated (2019) Ground Leased 7-Eleven Located at the Signalized Intersection of Walton Road and Village Green Drive (20,000+ VPD). Lease Extended in 2022 Providing Ideal 1031 Opportunity: Lease Recently Extended Through 2034 Providing 12 Years of Firm Term. Rare, Low-Rent Unit Providing Maximum Security: Subject Property Features One of the Lowest and Most Replaceable 7-Eleven Rents in the State of Florida. Area Secured by Multiple Anchors and Major Retails: Activity Generators Include HCA Florida St. Lucie Hospital, MidFlorida Credit UnionEvent Center, and East Port Plaza (Publix Anchored). Ironclad 7-Eleven Corporate Guarantee: Lease Backed by the Strongest Credit in the NNN Market. Coveted South FL Real Estate in Income-Tax Free State: 127,000 People Situated in a 5-Mile Radius with 3% Population Growth Projected in that Area by 2026.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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