7-Eleven NNN Property Sold by Casablanca in Saint Johns, Florida

We are pleased to announce that we have Just Sold a Brand New 7-Eleven NNN property located at 935 County Road 210 W. Saint Johns, Florida at a Selling Price of $9,416,720. Alex Casablanca, Managing Broker at Casablanca Triple Net Lease Advisors represented the 1031 Exchange Buyer in the transaction. The lease features a 15 Years Absolute NNN Lease with No Landlord Responsibilities, 10% rental increases every 5 years, and Three 5-Years renewal options.  

Transaction Highlights

  • Sold Price: $9,416,720
  • Cap Rate: 5%
  • Years on Lease: 15 Years
  • Lease Type: Absolute NNN
  • Extensions: Three 5-Year Options
  • Rental Increases: 10% every 5 years
  • Guaranty: 7-Eleven Corporation
  • Location: Saint Johns, Florida
  • Funding: All Cash, 1031 Exchange Buyer
  • Closing Date: July 11, 2023

Location Highlights

  • Iconic Retail Corner in the middle of a massive retail development 
  • Irreplaceable Hard Signalized Corner
  • Across from Beachwalk, a 3,000 acre mixed-use development
  • Shadow Anchored by a brand new Publix shopping center
  • Strong Demographics with an average household income of over $110,000
  • 2.10 Acre Premium Retail Pad
  • In the Epicenter of a Dense Retail Corridor
  • Located in Saint Johns, Florida, in a Tax Free State.

At Casablanca, we specialize in representing NNN Buyers, Sellers, Landlords, and 1031 Exchange Investors Nationwide USA. We have the knowledge and expertise to guide you along the way from market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.

We have the most competitive listing fees on the market for both Sellers and Landlords. Moreover, we represent our Buyer’s for Free since we get paid from the Seller, and we also Pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust. 

If you have any questions feel free to contact me directly at 407-205-7570 or you can also email me at [email protected]. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to speaking with you.