7-ELEVEN Cape Coral

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Full Description:

CITY                             CAPE CORAL

COUNTY                      LEE

FREE STANDING        YES

LEASE TERM              11 YEARS

OPTION                        YES

BUILT                           2005

LEASE IS                     N N N, NO LANDLORD Responsibilities

GUARANTY                 COPORATE 7-ELEVEN, INC

PARKING

BUILDING SIZE            4,000 SF

LAND SIZE                    1.10 ACRES

RENT INCREASE          every 5 years 10%

N O I                               $ 191,000, FIRST YEAR

CAP RATE                      5%

SALES PRICE                $ 3,820,000

- 7-ELEVEN CREDIT   AA-

- The Lease is NNN , which is RARE for 7-ELEVEN

- Property is SOLD -FEE SIMPLE- intrest (Depreciation)

- TENANT takes care of everything, Roof, Structure, Parking Lot etc

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This listing was created on 2020-07-18 and has been viewed 94 times

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