$5,951,495 USD
332-345-4206
5615 N University Dr
Coral Springs, FL 33067
Outer Coral Springs
HIGHLIGHTS
- Long Term Absolute Triple Net (NNN) Lease | Long term original 20-year absolute triple net (NNN) lease with no landlord responsibilities
- Attractive Rental Increases | The lease features ten percent (10%) increases every five (5) years
- Strong Real Estate Fundamentals | The subject property is located roughly 20 miles northwest of Downtown Fort Lauderdale
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a 7-Eleven located at 5615 North University Drive, Coral Springs, Florida 33067. The site consists of roughly 5740 rentable square feet of building space on an estimated 1.27-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 5/1/2016. The current annual rent is $282,696 and has scheduled increases of 10.00% Every 5 Years.
FOR SALE DETAILS
PRICE
$5,951,495 USD
PRICE/SF
$1,037 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.27 AC
LAND SF
55,321 SF
ZONING
B-2
APN/PARCEL ID
48-41-10-10-0013
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332-345-4206
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332-345-4206
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