7-Eleven | Absolute NNN Lease

6886 E 15th Street, Sarasota, FL

$2,280,000

Price

5%

Cap Rate

$114,000

NOI

Overview
Cap Rate
5%
NOI
$114,000
Building Size
2,612 sqft
Lot Area
0.51 acres
Class
C
Lease Type
Absolute Net
Year Built
1975
Roof & Structure
Tenant’s Responsibility
Insurance
Tenant’s Responsibility
Repairs & Maintenance
Tenant’s Responsibility
Description

• 7-Eleven Gas Station Investment Grade Tenant: (S&P AA- Rated Credit Tenant)
ο Recently extended 10-year lease speaking to the strength of the location
ο 10% rental increase in 2025 (5.50% Cap)
ο Three 5-year options with 10% increases
ο Absolute NNN lease with no landlord maintenance responsibilities

• Strong Performing Location with Above Average Sales: Inquire with broker for details

• Signalized Hard Corner Location: Located at the signalized intersection of 15th Street and Whitfield Avenue with average daily traffic volumes exceeding 28,000

• Dense Infill Location / Exceptional Growth: 3-mile population of 67,405 people; the population is expected to increase by 11.94% by 2024

• Seasoned Location: With a 44-year operating history

• 24-Hour Location Offering Beer and Wine Sales

• Income Tax Free State

Documents
Title
Offering Memorandum
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Location
Gallery