New Construction 7-Eleven 15 Year NNN Ground Lease

12713 SW 125th Ave, Miami, FL 33186, USA
$5,882,352

Description

Marcus & Millichap is pleased to present for sale this freestanding, singletenant 7-Eleven located in the Cutler Bay Area of Miami, Florida. Cutler Bay is a booming incorporated town in Miami-Dade County, established in 2005 with a growing population of over 43,718. This Ground Lease, backed by 7-Eleven Corporate, will have a 15 Year lease with four, five-year options to extend. The subject property will consist of a 3,500 Square foot building on 1.68 Acres of land. It is strategically located at SW 128th Street and 125th Avenue, where construction is almost complete on a New-Access ramp which will connect from the SR874/Don Shula Expressway to 128th Street and will provide additional connectivity and mobility to this growing area of West Kendall and Southwest Miami-Dade County.
The area surrounding this brand new 7-Eleven is booming with new construction home developments only minutes from the property. Mosaic at Venetian Park has over 200 new lots available for Grand Homes and Townhouses and is only 13 minutes from this 7-Eleven. Also 13 minutes away is Lennar at Siena Creek with 123 brand new construction Townhomes.
Ryan Homes at “The Landing” offers 168 brand-new single family homesites. Lennar at Riviera offers 120 single family homesites, and 500 Townhomes. Zoo Miami is only 11 minutes from this property, has over 932,000 visitors each year and is the largest zoo in the state of Florida. Miami Executive Airport, averaging 193,000 airport operations each year, is only 5 minutes from this 7-Eleven. Also several schools in the area include Arvida Middle School (1,466 Students), Jorge Mas Canosa Middle School (1,718 Students), Gloria Floyd Elementary (484 Students), Bridge Prep Academy of Village-Green(704 Students) and Frank C. Martin K-8 (1,100 Students). Also in close vicinity to this property is West Kendall Baptist Hospital with over 70,000 visitors per year, Jackson South Medical Center (1,828 Beds in the Jackson Hospital System) and Baptist Children’s Hospital. Colleges in the immediate area include Corinthian Colleges, City College of Miami, and Ward Stone College.
7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 65,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.

  • Brand New Construction 7-Eleven Corporate Guaranteed Ground Lease (71,000+ Locations and AA- S&P Credit Rating)
  • Strong 10 Percent Rent Increases every 5 Years During the Base Term of the Lease and Options
  • Hundreds of Brand New Single Family Homes and Townhomes Under Development in the Immediate Area
  • New SR 874 Ramp Connector to SW 128th Street Provides Additional Connectivity to this Property and Mobility to this Area of West Kendall and SW Miami-Dade
  • Dense Population: More than 409,509 People in the Market Area
  • Minutes from the Miami International Airport
  • Zoo Miami Only 11 Minutes from Property with 932,000 Visitors each Year
  • Minutes from West Kendall Baptist Hospital (70,000 Visitors Each Year) and Jackson South Medical Center (1,828 Beds in Jackson System)
  • Close Vicinity to Corinthian Colleges, City College of Miami, Ward Stone College
  • Florida is a “No Income Tax State”

Property Documents

  • City: Miami
  • State/county: Florida
  • Zip/Postal Code: 33186
  • Country: United States

Detail

  • Price: $5,882,352
  • Year Built: 2021

Additional details

  • CAP RATE: 4.25%
  • NOI: $250,000

Features

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