7-Eleven Fort Myers, Florida

$2,658,000
Cap Rate: 4.90%
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 4.90%
Year Built: 2016
Rentable Square Feet: 2,940
Annual Rent: $130,225
Rent/Square Foot: $44.29
Land Area: 1 Acre
Lease Type: Modified NNN
Lease Term: 15 Years
Option Periods: 6, 5-Year Options
Rental Increases: 10% Every 5 Years
Lease Expiration: 3/31/2031

Description

Address:

18781 Three Oaks Parkway
Fort Myers, Florida 33967

The 7-Eleven located at 18781 Three Oaks Parkway in Fort Myers has a new, 15-year, corporate lease with more than 13 years remaining on the base term. This property has a 15-year roof warranty in place. There are six, five-year renewal options and 10 percent increases every five years throughout the base term and option periods. This is a brand new location; construction completed in 2016.

This 7-Eleven is located on Three Oaks Parkway, with a traffic count of more than 15,000 vehicles per day. The subject property is within close proximity to Interstate 75, which is one of the major roadways in the area and has a traffic count of approximately 100,000 vehicles per day.

The subject property is five miles from Florida Gulf Coast University, which serves over 12,500 students and was ranked among the first-tier regional universities in the southern United States by U.S. News and World Report. It is seven miles from Southwest Florida International Airport, the second-busiest single-runway airport in the U.S, and is within close proximity to Southwestern State College. Surrounding national retailers include Target, Best Buy, Dick’s Sporting Goods, Bass Pro Shops, JCPenney, Winn Dixie, P.F. Chang’s, Outback Steakhouse, Carrabba’s Italian Grill, McDonald’s, CVS and many more.

For More Information, Download OM: 
Icon

7-Eleven OM (3 Oaks Pkwy, Ft. Myers, FL)

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card