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    18971 State Road 31 North Fort Myers, FL 33917

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    For Sale
    $6,130,000

    NNN leased 7-Eleven with rental increases and options.

    Property size:
    3,120 SF
    Lot size:
    2.14 Acres

    Property Features for 18971 State Road 31

    General Information

    Size
    3,120 SF
    Lot size
    2.14 Acres

    Source: Secure Net Lease - Dallas Agent Matthew Scow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Investment Opportunity

    This property features a corporate lease with approximately 10 years remaining, including 10% rental increases every 5 years in the primary term, and four 5-year options. The property benefits from attractive tax advantages via reinstated bonus depreciation. It is positioned on a strong signalized corner location along two of the region's major thoroughfares, just south of the 18,000-acre Babcock Ranch development, which includes 19,000 homes and 50,000 residents. The property is suitable for retail or specialty purposes. The building has a size of 3,120 square feet. 7-Eleven is the largest convenience retailer in the world with over 85,000 stores in 20 countries.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Clothing Store Hotel & Motel Department Store Convenience Store Women's Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.761063
    Latitude
    26.73964

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased 7-Eleven with rental increases and options.
    Where is this grocery and convenience store located?
    The property is located at 18971 State Road 31 North Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $6,130,000.
    What are key features of this property?
    This property features: - 10 Years Left on Abs. NNN Corp. Lease with 10% Rental Increases Every 5 Years; - Located Just South of the 18,000 Acre Babcock Ranch Development (19,000 Homes & 50,000 Residents); - **Strong Signalized Corner Location Along Two Major Thoroughfares**
    (214) 522-7200
    Request Owner's contact information
    18971 State Road 31 North Fort Myers, FL 33917
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    North Fort Myers, FL 33917
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18971 State Road 31 North Fort Myers, FL 33917
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