Commercial Real Estate
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 2
Keyes Commercial is pleased to offer for sale a freestanding, fee simple, 7-Elevenlocated at 1606 Skyline Boulevard, Lee County, Cape Coral, FL 33991. The subjectproperty is strategically located on the southwest corner of Skyline Boulevard andTrafalgar Parkway which is a signalized, 4-way intersection to ensure easyaccess.7-Eleven sits on a 0.74 +/- acre parcel and the building consists of 2,940 +/-square feet of gross leasable area. Fueling and canopy were added in 2015.
The 7-Eleven is strategically located within a dense residential corridor as evidencedby population in excess of 49,500 people within a 3-mile radius and 120,000 peoplewithin a 5-mile radius. The population has grown by an impressive 16.5% since 2010.
This investment opportunity is accompanied by a corporately guaranteed lease withthe 7-Eleven Corporation. 7-Eleven has a long term investment grade credit rating of'AA-' by Standard & Poor's and is the world's largest convenience store retailer. Theinitial term of the lease is 15 years, with approximately 9 years remaining. There are six(6), five (5) year renewal options with a 10% rental increase every five years.
Price Reduced! Now offered at a purchase price of $1,995,000
Contact Jerry Copelan, Broker Associate, at 954-998-3298, [email protected]
PROPERTY OVERVIEW
Hard corner, signalized, at Skyline Boulevard and Trafalgar Parkway. Growing CapeCoral, FL located near Palmetto Pines Country Club, Sunsplash Family Water Park,schools, and Strausser BMX Sports Complex.
OFFERING SUMMARY
Sale Price: $1,995,000
Price / SF: $678.57
Cap Rate: 5.0%
NOI: $103,400
Lot Size: 0.74 Acres
Year Built: 2011
Building Size: 2,940 SF
Renovated: 2014
Zoning: C-1 Pedestrian
Commercial
Market: Fort Myers, FL
Submarket: Cape Coral, FL
SECTION |
Executive Summary
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 3
PROPERTY OVERVIEW
Keyes Commercial is pleased to offer for sale a freestanding, feesimple, 7-Eleven located at 1606 Skyline Boulevard, Lee County,Cape Coral, FL 33991. The subject property is strategicallylocated on the southwest corner of Skyline Boulevard andTrafalgar Parkway which is a signalized, 4-way intersection toensure easy access.7-Eleven sits on a 0.74 +/- acre parcel andthe building consists of 2,940 +/- square feet of gross leasablearea. Fueling and canopy were added in 2015.
The 7-Eleven is strategically located within a dense residentialcorridor as evidenced by population counts in excess of 49,500people within a 3-mile radius and 120,000 people within a 5-mileradius. The local population has grown by an impressive 16.5%since 2010.
This investment opportunity is accompanied by a corporatelyguaranteed lease with the 7-Eleven Corporation. 7-Eleven has aninvestment grade credit rating of 'AA-' by Standard & Poor's andis the world's largest convenience store retailer. The initial termof the lease is 15 years, with approximately 9 years remaining.There are six (6), five (5) year renewal options with a 10% rentalincrease every five years.
Price Reduced! The investment opportunity is now offered at apurchase price of $1,995,000.
LOCATION OVERVIEW
Signalized, hard corner at Skyline Blvd. and Trafalgar Parkway. ingrowing Cape Coral FL. Near Palmetto Pines Country Club,Sunsplash Family Water Park and schools.
CALL JERRY COPELAN - KEYES COMMERCIAL - 954-998-3298
SECTION |
Property Description
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 4
PROPERTY NAME: Skyline 7-Eleven C-Store
PROPERTY ADDRESS: 1606 Skyline BoulevardCape Coral, FL 33991
PROPERTY TYPE: Retail - Convenience Store
APN: 10077576
PRICE / SF: $678.57
GROSS LEASABLE AREA: 2,940 SF
ZONING: C-1 Pedestrian Commercial
YEAR BUILT: 2011
NUMBER OF STORIES: 1
FOUNDATION: Reinforced Slab
WALLS: CB
SECTION |
Property Details
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 5
PROPERTY HIGHLIGHTS
• NNN 7-Eleven investment opportunity
• 7-Eleven corporate guaranty
• Investment Grade credit rating
• High growth region
• Great Demographics
• Signalized, Hard Corner
• Near Schools, Palmetto-Pine Country Club and CommunityActivities
• Nine (9) years remaining on term
• Offered at 5% Cap
DISCLOSURES
• "At all times during the Term and Extended Term, Landlordagrees to maintain the foundation (including slab) andstructural soundness of the Premises. Tenant agrees to keepthe interior and exterior of the building situated on thePremises in good repair including electrical, plumbing, heatingand air condition equipment, and the roof, and to maintain thelandscaped areas, surface of the parking and driveway wayareas, and shall be responsible for maintenance of any of itsabove ground or below ground gasoline equipment..."
• Seller is a Licensed Real Estate Broker
• Contact Jerry Copelan, Broker Associate, 954-998-3298 oremail at [email protected].
SECTION |
Complete Highlights
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 6
SECTION |
Additional Photos
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 7
1606 Skyline Boulevard
SECTION |
Regional Map
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 8
SECTION |
Location Maps
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 9
SECTION |
Aerial Map
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 10
INVESTMENT OVERVIEW SKYLINE 7-ELEVEN
Price $1,995,000
Price per SF $678.57
CAP Rate 5.0%
Cash-on-Cash Return (yr 1) 5.0 %
Total Return (yr 1) $99,376
Debt Coverage Ratio -
OPERATING DATA SKYLINE 7-ELEVEN
Gross Scheduled Income $103,400
Other Income -
Total Scheduled Income $103,400
Vacancy Cost $0
Gross Income $103,400
Operating Expenses $4,024
Net Operating Income $103,400
Pre-Tax Cash Flow $99,376
FINANCING DATA SKYLINE 7-ELEVEN
Down Payment $1,995,000
Loan Amount -
Debt Service -
Debt Service Monthly -
Principal Reduction (yr 1) -
SECTION |
Financial Summary
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 11
* Demographic data derived from 2010 US Census
1 MILE 3 MILES 5 MILES
Total households 1,723 17,454 45,006
Total persons per hh 2.9 2.8 2.7
Average hh income $64,812 $62,661 $61,738
Average house value $239,767 $226,429
1 MILE 3 MILES 5 MILES
Total population 5,056 49,547 120,276
Median age 35.5 38.3 40.6
Median age (male) 31.5 35.9 39.2
Median age (female) 38.2 40.4 42.0
SECTION |
Demographics Report
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 12
* Demographic data derived from 2010 US Census
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 5,056 49,547 120,276
MEDIAN AGE 35.5 38.3 40.6
MEDIAN AGE (MALE) 31.5 35.9 39.2
MEDIAN AGE (FEMALE) 38.2 40.4 42.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 1,723 17,454 45,006
# OF PERSONS PER HH 2.9 2.8 2.7
AVERAGE HH INCOME $64,812 $62,661 $61,738
AVERAGE HOUSE VALUE $239,767 $226,429
SECTION |
Demographics Map