7795 Oakland Park Blvd Sunrise, FL 33351-6703
- Gas stations
- 2,897 SF
- 1.11 lot acres
Dec 03, 2024
Current Use by Public Records
- Gas stations
Property Details for 7795 Oakland Park Blvd
- Year built
- 2001
- Construction
- CONCRETE
- Lot size
- 1.11 lot acres
- Property size
- 2,897 SF
- Zone code
- B-3
- Property type
- Gas stations
- APN
- 49-41-21-03-0102
- APU
- 494121030102
Description
This exceptional investment opportunity presents a fee-simple, 2,915 square foot 7-Eleven gas station and convenience store located at 7795 W. Oakland Park Blvd in Sunrise, Florida. Boasting a 5.15% cap rate and a strong corporate guarantee from 7-Eleven, this property offers significant long-term value. The absolute NNN lease, with a remaining term of 6.6 years and three five-year options, provides predictable cash flow. Situated on a substantial 1.11-acre lot, the property benefits from high visibility and accessibility, with direct exposure to over 44,000 vehicles daily on Oakland Park Boulevard. Its strategic location near major thoroughfares, including I-95, Florida's Turnpike, and the Sawgrass Expressway, ensures optimal traffic flow. The property is shadow-anchored by a Walmart Supercenter, receiving over 2 million visits annually, further enhancing its desirability. Built in 2001, this single-story building features eight gas pumps and has consistently maintained 100% occupancy since its opening. Rent bumps of 12% every five years provide built-in growth potential. The property's proximity to numerous apartment complexes and its location in a no-income-tax state add to its investment appeal. This is a rare opportunity to acquire a high-performing, established 7-Eleven in a prime location. The NOI is $278,028. The asking price is $5,398,601.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,585,000
- ML approach
- $4,535,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,717,000
Market price range: $3.43M - $6.58M
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Location Insight
- Map
- Local Demand
- City
- Sunrise
- County
- Broward
- State
- Florida
- Longitude
- -80.253
- Latitude
- 26.1672
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA