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7-Eleven

$6,990,000

705 Commerce Dr, Venice, FL 34292

Active
Last Updated: 10/12/2026

4.85

Cap Rate

339,028

NOI

Details:
Cap Rate:    4.85%
NOI:    $339,028
Building Size:    3,010 sqft
Lot Area:    1.96 acres
Occupancy:    100%
Year Built:    2019
Highlights:
  • Corporate-Guaranteed 7-Eleven | Absolute NNN Lease – Corporate-guaranteed lease backed by one of the world’s largest convenience store operators, structured as an absolute NNN lease with zero landlord responsibilities.
  • Significant Bonus Depreciation Potential – Investors may benefit from 100% first-year bonus depreciation on qualifying property components, including eligible fueling infrastructure, equipment, car wash improvements and site improvements. A cost segregation study could identify substantial accelerated depreciation deductions, creating a compelling tax-advantaged investment opportunity.
  • Brand-New 300-Unit Multifamily Development Directly Across the Street – Shares the same entrance road as 7-Eleven, providing a built-in residential customer base and potential for increased daily traffic.
  • Attractive Rental Growth – 10% rent increases every five years throughout the primary lease term and four additional five-year renewal options.
  • Modern 2019 Construction | Fueling + Car Wash – 3,010 SF convenience store featuring 16 fueling positions and a car wash situated on 1.96 acres.
  • Prime I-75 Corridor Location – Strategically positioned along Jacaranda Boulevard with convenient access to Interstate 75 and approximately 71,076 vehicles per day.
  • Affluent Surrounding Demographics – Average household income exceeds $105,000 within one mile, supporting strong local consumer purchasing power.
  • Expanding Venice Residential Market – Located in a growing Sarasota County community benefiting from continued residential development and regional population growth.
Description:

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Venice is a growing coastal city in Sarasota County along Florida’s Southwest Gulf Coast. The city had an estimated population of 30,477 in 2025, representing approximately 19.6% growth from the 2020 population estimates base. Located just south of Sarasota, Venice combines a historic downtown, Gulf Coast beaches and an established residential community. The city is especially popular among retirees, with residents age 65 and older comprising approximately 61.4% of the population.

Historic Downtown Venice is known for its Mediterranean inspired architecture, palm lined streets and pedestrian friendly atmosphere. The downtown district features locally owned restaurants, boutiques, galleries and community spaces centered around Venice Avenue. Venice Beach is located less than a mile from downtown, providing convenient access between the city's commercial district and Gulf Coast recreation.

Venice offers approximately 14 miles of Gulf Coast beaches with opportunities for swimming, fishing, boating, kayaking and other outdoor activities. Venice Beach is a Certified Blue Wave Beach, while the surrounding coastline is nationally recognized for its abundance of fossilized shark teeth, earning Venice the nickname “Shark Tooth Capital of the World.”

Venice continues to benefit from growth throughout the greater Sarasota County market. Sarasota County's population was estimated at approximately 479,958 in 2025, while Venice has experienced particularly strong growth in recent years. The city's expanding population, coastal setting, historic character and proximity to Sarasota support its position as an attractive residential, tourism and commercial destination along Florida's Southwest Coast.

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