Property Details


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

Share Property


  • 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


3505 Bayside Lakes Blvd
Palm Bay, FL

Traci Bidinger7-Eleven