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7-Eleven NNN Ground Lease. Lake Worth, FL 1900 10th Ave N

4,730 SF Retail Building Lake Worth Beach, FL 33461 $3,650,000 ($772/SF) 4.86% Cap Rate

Investment Highlights

  • Corporate Guaranty
  • Near I-95.
  • Rental Increases

Executive Summary

RARE CRE has been engaged to present a newly built 7-Eleven NNN ground lease. This property sits at the edge of I-95 and 10th Ave in Lake Worth. The 1.34+/- acre lot includes a Laredo Taco store. This is a Corporate Guaranteed NNN ground lease with rent bumps every 5 years. Please take a look at the Offering Memorandum for additional information.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Retail
Building Size
4,730 SF
Building Class
C
Year Built
2023
Price
$3,650,000
Price Per SF
$772
Cap Rate
4.86%
NOI
$177,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.34 AC
Zoning
2600 - SERVICE STATION - GENERAL BUSINESS
Parking
14 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
292 FT on 10th Avenue

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Sunbelt Rentals, Inc.
Duffy's Test Kitchen
Presidente Supermarket
YMCA
Bravo
Chase
TD Bank
Starbucks
Publix
keke's Breakfast Cafe

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-43-44-21-02-005-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$996,557
  • Listing ID: 33043325

  • Date on Market: 9/3/2024

  • Last Updated:

  • Address: 1900 10th Ave N, Lake Worth Beach, FL 33461

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