7-Eleven Fort Myers, Florida

$3,290,000
Cap Rate: 4.90%
Available
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 4.90%
Year Built: 2016
Rentable Square Feet: 2,940
Annual Rent: $161,227
Rent/Square Foot: $54.84
Land Area: 1.38 Acres
Lease Type: Modified NNN
Lease Type: 15-Year
Rental Increases: 10% Every 5 Years
Option Periods: 6, 5-Year Options
Lease Expiration: 8/31/2031

Description

Address:

19911 Ryffel Way
Fort Myers, Florida 33967

The 7-Eleven located at 19911 Ryffel Way in Fort Myers has a new, 15-year, corporate lease with more than 13 years remaining on the base term. This property also 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 Estero Parkway, with a traffic count of 12,000 vehicles per day, and Three Oaks Parkway, with a traffic count of 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 less than three 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 eight miles from Southwest Florida International Airport, the second-busiest single-runway airport in the U.S. Surrounding national brands include Publix, Lowe’s, Bloomingdales, Neiman Marcus, Target, Bass Pro Shops, Bath & Body Works, Bank of America, McDonald’s, Applebee’s, Dunkin Donuts, Starbucks, Hampton Inn & Suites, Embassy Suites by Hilton and Many More.

Located directly behind the subject property is Estero Oaks, brand new luxury rental apartments, and across the street from The Reef, which is student housing for Florida Gulf Coast University.

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7-Eleven OM (Ryffel Way, Fort Myers, FL)

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