7-Eleven

7-Eleven

7-Eleven
7131 Ridge Road
Port Richey, Fl 34668

$2,700,000

Cap Rate 7.28%
Gross Leasable Area (GLA) 2,997
Price Per Square Foot (GLA) $900.90
Year Built 1999
Lot Size 1.00 acres
  • Located at Major Lighted Intersection
  • 7-Eleven Extended Their Lease In 2014
  • 7-Eleven Has Been In Operation at This Store for Over 16 Years
  • Zero Landlord Responsibility - Triple Net Lease
  • Corporate Guarantee
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: 7-Eleven (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to offer for sale the 7-Eleven located in Port Richey, Florida.

The subject property is a 2,997-square foot convenience store and gas station built in 1999. The property is currently priced at $900 per square foot at a 7.28% cap rate. The property is ideally located in Port Richey at the lighted intersection of Ridge Road and Regency Park Boulevard seeing an average daily traffic count of 32,043 and 17,475 respectively.

The subject property offers investors an opportunity to acquire a corporate-guaranteed lease for long-term, stable cash flow.  Rapidly developing Pasco County has approved a $22 million road-widening project immediately to the east of the property, increasing Ridge Road from two to four lanes for three miles leading up to Moon Lake Road. The impact will be increased traffic and a more efficient traffic flow leading to the subject property.

For More Information, Please Contact:

James Medefind

Senior Associate
813-387-4788
james.Medefind@MarcusMillichap.com