Commercial Real Estate Cape Coral 7-Eleven
Executive Summary OFFERING SUMMARY Sale Price: $1,900,000 Price / SF: $646 Cap Rate: 5.25% NOI: $99,376 Lot Size: 0.74 Acres Year Built: 2011 Building Size: 2,940 SF Renovated: 2014 Zoning: C-1 Pedestrian Commercial PROPERTY OVERVIEW Keyes Commercial is pleased to offer for sale a freestanding, fee simple, 7-Eleven located at 1606 Skyline Boulevard, Lee County, Cape Coral, FL 33991. The subject property is strategically located on the southwest corner of Skyline Boulevard and Trafalgar Parkway which is a signalized, 4-way intersection to ensure easy access.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 evidenced by population in excess of 49,500 people within a 3-mile radius and 120,000 people within 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 with the 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. The initial 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 5.25% Cap - $1,900,000 Market: Submarket: Fort Myers, FL Cape Coral, FL Contact Jerry Copelan, Broker Associate, at 954-998-3298, jerrycopelan@keyes.com accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 2
SECTION Property Description PROPERTY OVERVIEW Keyes Commercial is pleased to offer for sale a freestanding, fee simple, 7-Eleven located at 1606 Skyline Boulevard, Lee County, Cape Coral, FL 33991. The subject property is strategically located on the southwest corner of Skyline Boulevard and Trafalgar Parkway which is a signalized, 4-way intersection to ensure easy access.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 evidenced by population counts in excess of 49,500 people within a 3-mile radius and 120,000 people within a 5-mile radius. The local population has grown by an impressive 16.5% since 2010. This investment opportunity is accompanied by a corporately guaranteed lease with the 7-Eleven Corporation. 7-Eleven has an investment grade credit rating of 'AA-' by Standard & Poor's and is the world's largest convenience store retailer. The initial 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! The investment opportunity is now offered at a 5.25% Cap for a purchase price of $1,900,000. LOCATION OVERVIEW Signalized, hard corner at Skyline Blvd. and Trafalgar Parkway. in growing Cape Coral FL. Near Palmetto Pines Country Club, Sunsplash Family Water Park and schools. CALL JERRY COPELAN - KEYES COMMERCIAL - 954-998-3298 accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 3
Property Details PROPERTY NAME: PROPERTY ADDRESS: PROPERTY TYPE: Skyline 7-Eleven C-Store 1606 Skyline Boulevard Cape Coral, FL 33991 Retail - Convenience Store APN: 10077576 PRICE / SF: $646 GROSS LEASABLE AREA: ZONING: 2,940 SF C-1 Pedestrian Commercial YEAR BUILT: 2011 NUMBER OF STORIES: 1 FOUNDATION: WALLS: Reinforced Slab CB accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 4
SECTION Complete Highlights 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 Community Activities Nine (9) years remaining on term Offered at 5.25% Cap DISCLOSURES "At all times during the Term and Extended Term, Landlord agrees to maintain the foundation (including slab) and structural soundness of the Premises. Tenant agrees to keep the interior and exterior of the building situated on the Premises in good repair including electrical, plumbing, heating and air condition equipment, and the roof, and to maintain the landscaped areas, surface of the parking and driveway way areas, and shall be responsible for maintenance of any of its above ground or below ground gasoline equipment..." Seller is a Licensed Real Estate Broker Contact Jerry Copelan, Broker Associate, 954-998-3298 or email at jerrycopelan@keyes.com. accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 5
SECTION Additional Photos accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 6
Regional Map 1606 Skyline Boulevard accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 7
Location Maps accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 8
SECTION Aerial Map accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 9
Financial Summary INVESTMENT OVERVIEW SKYLINE 7-ELEVEN Price $1,900,000 Price per SF $646 CAP Rate 5.25% Cash-on-Cash Return (yr 1) 5.25% Total Return (yr 1) 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 $1,900,000 Loan Amount - Debt Service - Debt Service Monthly - Principal Reduction (yr 1) - accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 10
Demographics Report 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 * Demographic data derived from 2010 US Census accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 11
Demographics Map 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 * Demographic data derived from 2010 US Census accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 12