Cap Rate: 5.25%
Net Operating Income: $130,000
Lot Size: 0.73 AC
This is the opportunity to purchase a 2,436 square-foot NNN leased 7-Eleven in Naples, Florida. The tenant has a long term lease with a 10% increase in year 2025 and four, 5 year options to renew. There are minimal landlord obligations, the landlord is responsible for slab and structure. The lease is corporately guaranteed by 7-Eleven. The site is strategically located along Colliers Boulevard, a major commercial thoroughfare with heavy traffic counts of 27,000 VPD.
Naples is a city on the Gulf of Mexico in southwest Florida that’s known for high-end shopping and golf courses. The Naples Pier, first erected in 1888, is the city’s symbol, and is a popular fishing and dolphin-spotting destination. It’s flanked by miles of beaches with calm waters and fine white “sugar” sand, including those at Clam Pass Park and Delnor-Wiggins Pass State Park.