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