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For Sale

7-Eleven

705 Commerce Dr,
Venice, FL 34292

Asset Snapshot

Full Service
Retail Subtype
$339,028
NOI
2019
Year Built
1.96 Acres
Land Area
100%
Occupancy

Offering Summary

Investment Overview

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Investment Highlights

  • Corporate-Guaranteed 7-Eleven | Absolute NNN Lease – Corporate-guaranteed lease backed by one of the world’s largest convenience store operators, structured as an absolute NNN lease with zero landlord responsibilities.
  • Significant Bonus Depreciation Potential – Investors may benefit from 100% first-year bonus depreciation on qualifying property components, including eligible fueling infrastructure, equipment, car wash improvements and site improvements. A cost segregation study could identify substantial accelerated depreciation deductions, creating a compelling tax-advantaged investment opportunity.
  • Brand-New 300-Unit Multifamily Development Directly Across the Street – Shares the same entrance road as 7-Eleven, providing a built-in residential customer base and potential for increased daily traffic.
  • Attractive Rental Growth – 10% rent increases every five years throughout the primary lease term and four additional five-year renewal options.
  • Modern 2019 Construction | Fueling + Car Wash – 3,010 SF convenience store featuring 16 fueling positions and a car wash situated on 1.96 acres.
  • Prime I-75 Corridor Location – Strategically positioned along Jacaranda Boulevard with convenient access to Interstate 75 and approximately 71,076 vehicles per day.
  • Affluent Surrounding Demographics – Average household income exceeds $105,000 within one mile, supporting strong local consumer purchasing power.
  • Expanding Venice Residential Market – Located in a growing Sarasota County community benefiting from continued residential development and regional population growth.

How it Works

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Listing Syndicated From

Buildout
For Sale
$6,990,000
Asking Price

Investment Sales Broker

Brandon Hanna
Encore Real Estate Investment Services