Property Details

7-Eleven

Palm Bay, FL
Property ID: 15155

Financial Summary

Asking Price $6,875,000
Cap Rate 4.00%
Net Operating Income (NOI) $275,000
Lease Type NNN
Lease Term Remaining 20

Offering Memorandum

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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
703.787.4725
Andrew Wilmoth
Senior Associate
865.474.8786
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
571.449.8234

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Highlights

  • Rare 20-year renewal on a high-performing store
  • Generating 20k VPD, shadow parcel to Publix anchored shopping center
  • Strong credit and brand recognition - S&P credit rating of AA-
  • Fee simple ownership
  • Seller has a full set of diligence reports from 2021 available for Buyer
  • Florida is an income tax free state
  • Strong 5-mile demographics of 72,240+ residents. Impressive historical growth rate of 15.92% (2010-2020) with an anticipated 7.15% growth in the coming 5 years

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

3505 Bayside Lakes Blvd
Palm Bay, FL

Traci Bidinger7-Eleven