STREAM Capital Partners > Properties > All Properties > 7-Eleven

7-Eleven

Net Lease

198 Jimmy Buffett Mem Hwy, Satellite Beach, Florida
Ownership Type:
Fee Simple
Price:
$3,259,358
Cap Rate:
5.00%
Current Rent:
$162,968*
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
5, 5 Year Options
Building Sq. Ft.:
2,603 SF
Rent Increases:
10% in Year 11 & Each Option
Site Size:
0.52 Acres

Investment Highlights

  • Long Term Commitment: 7-Eleven signed a brand new 15 year absolute NNN lease
  • Investment Grade Credit: 7-Eleven has an S&P rating of A.
  • Central Satellite Beach Location: The site is positioned in the heart of Satellite Beach, surrounded by established residential neighborhoods and less than one mile from top-rated local schools, community parks, and beachfront amenities.
  • High-Visibility Location: Positioned directly on Jimmy Buffett Memorial Highway, this site offers exceptional exposure along a major coastal corridor, benefiting from a 2025 traffic count of over 20,000 vehicles per day.
  • Affluent Local Demographics: Site benefits from an average household income of over $115,000 within 3 miles.
Ownership Type:
Fee Simple
Price:
$3,259,358
Cap Rate:
5.00%
Current Rent:
$162,968*
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
5, 5 Year Options
Building Sq. Ft.:
2,603 SF
Rent Increases:
10% in Year 11 & Each Option
Site Size:
0.52 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record: Sasha Dominguez, Lic. #BK3339010

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