For Sale
$5,398,601

7795 Oakland Park BlvdSunrise, FL 33351

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple, 2,915 square foot 7-Eleven gas station and convenience store located at 7795 W. Oakland Park Blvd in Sunrise, Florida. Boasting a 5.15% cap rate and a strong corporate guarantee from 7-Eleven, this property offers significant long-term value. The absolute NNN lease, with a remaining term of 6.6 years and three five-year options, provides predictable cash flow. Situated on a substantial 1.11-acre lot, the property benefits from high visibility and accessibility, with direct exposure to over 44,000 vehicles daily on Oakland Park Boulevard. Its strategic location near major thoroughfares, including I-95, Florida's Turnpike, and the Sawgrass Expressway, ensures optimal traffic flow. The property is shadow-anchored by a Walmart Supercenter, receiving over 2 million visits annually, further enhancing its desirability. Built in 2001, this single-story building features eight gas pumps and has consistently maintained 100% occupancy since its opening. Rent bumps of 12% every five years provide built-in growth potential. The property's proximity to numerous apartment complexes and its location in a no-income-tax state add to its investment appeal. This is a rare opportunity to acquire a high-performing, established 7-Eleven in a prime location. The NOI is $278,028. The asking price is $5,398,601.

Highlights

  • Fee-simple 7-Eleven gas station and convenience store with a strong corporate guarantee.
  • Absolute NNN lease; 6.6 years remaining, three 5-year options; 12% rent bumps every five years.
  • 1.11-acre lot in Sunrise, FL (Broward County), near I-95, Florida's Turnpike, and Sawgrass Expressway.
  • High visibility; over 44,000 vehicles daily on Oakland Park Blvd; shadow-anchored by a Walmart Supercenter (2 million annual visits).
  • Built in 2001; 2,915 sq ft; eight gas pumps; 100% occupancy since opening; $278,028 NOI; $5,398,601 asking price; 5.15% cap rate.

Property Details for 7795 Oakland Park Blvd

Property type
Retail properties, Gas stations
Square Feet
2,915 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
48,352 SF
Units
1

Location Insight

City
Sunrise
County
Broward
State
Florida
Latitude
26.1674478
Longitude
-80.2531129
7795 Oakland Park Blvd, Sunrise, Florida

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7795 Oakland Park Blvd
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