7-Eleven 15 Year NNN Lease 2021 Construction 1 locations

14427 FL-64, Bradenton FL

https://www.marcusmillichap.com/properties/50768/7eleven-15-year-nnn-lease-2021-construction

Bradenton is in ManateeCounty located 11 miles east of Sarasota, and 53 miles south of TampaThe fee simple lease, backed by 7-Eleven Corporate, will have a 15-yearlease with 10 percent increases in rent every five years and four, fiveyearoptions to extend with an expected rent commencement of May2021 This is an ideal passive investment opportunity with zero landlordresponsibilities being offered at a 470 percent capitalization rateThe subject property consists of a 4,634 square foot retail space, a singlerowcanopy with eight dispensers (16 fueling stations) and a 980 squarefoot car wash and with ample parking on a large 337-acre parcel Itis strategically located on the northwest corner of State Road 64 andLorraine Road with a combined traffic count of 19,600 vehicles per dayThe property benefits from the 54,192 residents within a 5-mile radiuswith an expected 25 percent population growth by 2025According to Forbes magazine, the North Port-Sarasota-Bradenton MSAis ranked #24 in its annual list of Americas 100 Fastest Growing CitiesForbes looks at growth of population, employment, wages, economicoutput and used home price growth as a proxy for wealth when creatingtheir list Specifically, the Lakewood Ranch planned community withinBradenton is growing at a faster pace the already expanding Gulf CoastMSA Lakewood Ranch has been named the best selling multi-generationalplanned community in the country with 17 villages to choose from and fivenew villages and apartment communities having opened in 2020 It alsohas the ability to offer up to 14 million square feet of commercial realestate space and is home to 1,350 businesses across a variety of sectors,including biomedical, technology, insurance and educationThere are numerous National and Regional retailers in the immediatearea including Publix, McDonalds, CVS, Wawa, Walgreens, Speedway,SunTrust, Bank of America, Chase Bank among others7-Eleven is the worlds largest operator, franchisor and licensor ofconvenience stores with approximately 68,000 stores in 18 countries Inthe 10,500 stores in North America, 7-Eleven offers over 2,500 differentproducts and services

Actively expanding in Florida



Expansion Plans

Preferred Property Types are
Desired size is 500 to 4634 sq ft
Minimum income is $0
Minimum population is 0
Demographic Range is 0 Miles
Traffic Count is 0



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