TOLEDO BLADE – NORTH PORT, FL

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HIGHLIGHTS

  • Sold in Q1 2020
  • 10th fastest growing metro (US Census)
  • Located across from Cypress Falls (+710 Homes)

 

 


PROPERTY – 4895 TOLEDO BLADE BLVD, NORTH PORT, FL (SARASOTA)
New 3,010 +/- SF building on 1.56 +/- acre site

Built in 2018

7-Eleven is strategically located at the southwest side of Toledo Blade Pkwy, at its hard corner signalized intersection with N. Cranberry Blvd., in North Port, FL. Toledo Blade Pkwy. is local thoroughfare that serves the North Port community and provides direct access to I-7, while N. Cranberry Blvd. carries traffic from the surrounding residential communities to Toledo Blade Pkwy. The immediate trade area has experienced over 25% population increase since 2000. The growth is expected to continue as several new residential and retail development have commenced, such as Cypress Falls at The Woodlands (+710 homes) and Lakeside Plantation (+250 homes/condos). National tenants in the area include Advanced Auto Parts, AutoZone, Walgreens, Burger King and more. 7-Eleven is approx. 8 miles from downtown North Port, FL, 35 -miles from downtown Sarasota, FL and 40 – miles from downtown Fort Myers, FL.


TRAFFIC COUNTS

  • Toledo Blade Blvd. 8700 VPD
  • I-75 31,500 VPD

LEASE OVERVIEW
  • Lease Type: Corporate Net Lease
  • Rent Increase: 10% Every 5 Years In Primary Term & Options
  • Net Operating Income: $152,409