7-Eleven | 5501 Orange Ave
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7-Eleven 5501 Orange Ave
4,650 SF Retail Building Fort Pierce, FL 34947 $7,580,000 ($1,630/SF) 5.35% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Lease with Investment Grade Credit
- 65,534 Residents Within Five Miles and Affluent Incomes of $68,826 Per Household Within One Mile
- Strategic Location Just Off Interstate 95 and Four Miles from the Atlantic Ocean
Executive Summary
This 7-Eleven is located strategically along Orange Avenue, a major east-west Fort Pierce thoroughfare which leads directly to the Atlantic
Ocean four miles east
The property maintains excellent proximity to Interstate 95, the main north–south Interstate Highway on the East Coast of the U.S., running from U.S. Route 1 in Miami, Florida, north to the Houlton–Woodstock Border Crossing between Maine and the Canadian province of New Brunswick (73,811 AADT)
The location offers multiple access points to a combined 24,800 vehicles per day at the signalized intersection of Orange Avenue and Jenkins Road
63,534 residents live within a five-mile radius of the property, creating an extremely large and reliable customer base for the site
The property is also supported by an affluent customer base, with an average annual household income of $68,826 within one mile of the property
The site resides three miles from Indian River State College, the second-largest employer in St. Lucie County (22,000+ employees, 2,265 students)
Ocean four miles east
The property maintains excellent proximity to Interstate 95, the main north–south Interstate Highway on the East Coast of the U.S., running from U.S. Route 1 in Miami, Florida, north to the Houlton–Woodstock Border Crossing between Maine and the Canadian province of New Brunswick (73,811 AADT)
The location offers multiple access points to a combined 24,800 vehicles per day at the signalized intersection of Orange Avenue and Jenkins Road
63,534 residents live within a five-mile radius of the property, creating an extremely large and reliable customer base for the site
The property is also supported by an affluent customer base, with an average annual household income of $68,826 within one mile of the property
The site resides three miles from Indian River State College, the second-largest employer in St. Lucie County (22,000+ employees, 2,265 students)
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,650 SF
Building Class
B
Year Built
2024
Price
$7,580,000
Price Per SF
$1,630
Cap Rate
5.35%
NOI
$405,511
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.55 AC
Zoning
COMM GENRA
PROPERTY TAXES
| Parcel Number | 2407-701-0002-000-1 | Improvements Assessment | $0 |
| Land Assessment | $1,216,100 | Total Assessment | $1,216,100 |
PROPERTY TAXES
Parcel Number
2407-701-0002-000-1
Land Assessment
$1,216,100
Improvements Assessment
$0
Total Assessment
$1,216,100
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7-Eleven | 5501 Orange Ave
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