7-Eleven 4999 North State Road 7, Tamarac, FL Cap Rate 5.65% Tamarac ( Florida, US ) Built

$6,725,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,100 sq. ft.
  • Development Level: Built
  • Lot Size: 0.8 acres
  • Year Built: 2018

Description

7-Eleven 4999 North State Road 7, Tamarac, FL Cap Rate 5.65%

Cap Rate: 5.65%
NOI: $380,000
Building Size: 3,100 sqft
Lot Area: 0.8 acres
Occupancy: 100%
Lease Type: Triple Net
Year Built: 2018
Tenancy: Single

Price: $6,725,000 USD

DESCRIPTION
Marcus & Millichap is pleased to present the opportunity to acquire a 7-Eleven convenience store and Mobil gas station in Tamarac, Florida. This is a brand new, 15-year, triple net lease, commencing at close of escrow. This lease offers four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This is a new location, built in 2018.
The 7-Eleven in Tamarac is conveniently located at the hard signalized intersection of Commercial Boulevard and State Road 7 with a combined daily traffic count over 110,000 vehicles. It’s also directly off the exit and entrance ramps of Florida’s Turnpike – a major roadway that runs through the state and has a traffic count of more than 140,900 vehicles daily. There is direct access from the Subject Property to Fort Lauderdale Beach via Commercial Boulevard.
The Subject Property is directly across the street from a Publix-anchored center in a busy retail area. Other surrounding national brands include Walmart Supercenter, Marshalls, Ross, Burlington, Aldi, Winn Dixie, YouFit, Planet Fitness, Advance Auto Parts, Dollar General, Dunkin’ Donuts, CVS, Walgreens, Wells Fargo, Bank of America, Extended Stay America, La Quinta Inn & Suites, Comfort Inn & Suites, Wendy’s, McDonald’s and many more. This 7-Eleven is six miles from Broward College North Campus, with a total enrollment of more than 44,000 students.
Tamarac, Florida is part of the Broward County metro area with a population of 1.9 million people, and is a suburb of Fort Lauderdale with a population of 64,748. Tamarac is 9.5 miles west of Fort Lauderdale, 43 miles south of West Palm Beach, and 33 miles north of Miami. The surrounding area has very strong demographics with a population over 480,000 within a five-mile radius of the Subject Property.

HIGHLIGHTS
• Brand New, 15-Year, Triple Net (NNN) Lease Commencing at Close of Escrow
• Four, Five-Year Renewal Option Periods
• 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
• Located at Hard Signalized Intersection of Commercial Boulevard and State Road 7 with Combined Daily Traffic Count Over 110,000 Vehicles
• Surrounding Area has Very Strong Demographics | Population Over 480,000 Within a Five-Mile Radius
• Surrounding National Brands Include Publix, Walmart Supercenter, Marshalls, Ross, Burlington, Aldi, Winn Dixie, YouFit, Planet Fitness, Advance Auto Parts, Dollar General, Dunkin’
Donuts, CVS, Walgreens, Wells Fargo, Bank of America, Extended Stay America, La Quinta Inn & Suites, Comfort Inn & Suites, Wendy’s, McDonald’s and Many More

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.