Speedway | 7-Eleven Cape Coral, FL

1006 Del Prado Boulevard South
Cape Coral, FL

Price: $2,875,000
Cap Rate: 4.00%
NOI: $115,000
Building Size: Approx. 4,000 Sq. Ft.
Lot Size: Approx. 0.83 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 1986 / 2015

Investment Overview

  • 2015 Renovation. 4,000+/- SF Building on 0.83+/- Acre Site
  • 10+ Year Extension on Absolute NNN Lease w/ 7-Eleven as Guarantor
  • Current Term Ending in 2033 w/ 10% Rent bump in 2028 & 17.5% in 1st Option
  • 7-Eleven (S&P A Credit Rating) | Largest Retailer in the World
  • Excellent Location Along Viscaya Pkwy & Del Prado Blvd (85K Combined VPD)
  • Near Walmart Supercenter, Tractor Supply, CVS, T.J. Maxx, Ross, AutoZone, etc.
  • Cape Coral  |  Suburb of Fort Myers  |  Population: 198,600+