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Investment Highlights

  • Long Term Occupancy
  • Zero Management Responsibilities
  • Scheduled Rent Increases
  • Potential Bonus Depreciation

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple interest in a single-tenant, freestanding 7-Eleven gas station and convenience store located at 1021 Santa Barbara Boulevard S in Cape Coral, Florida (the “Property”). 7-Eleven has been at the Property for over 20 years and recently executed two renewal options (at the same time), demonstrating their commitment to the site and market. 7-Eleven has over eight (8) years remaining on their Absolute NNN Lease with three (3), 5-year renewal options. The lease provides attractive rent increases every five years in the primary lease term and at the commencement of the renewal options. The Property occupies a prominent corner at the signalized intersection of Santa Barbara Boulevard South and Nicholas Parkway, two primary commuter corridors in the heart of Cape Coral. The site benefits from strong visibility, excellent frontage, and convenient ingress and egress, positioning 7-Eleven to capture consistent traffic from surrounding residential and commercial activity. The Property is surrounded by densely populated residential neighborhoods and area schools, creating a reliable built-in customer base. In addition, the site is conveniently located near major retail and dining corridors, including Pine Island Road, Veterans Parkway, and Del Prado Boulevard South, which feature a concentration of national retailers and restaurants that drive significant daily traffic. The Property also benefits from proximity to major employment centers and medical facilities, further supporting consistent demand from area residents, employees, and commuters and reinforcing the site’s strong position within the Cape Coral trade area.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,880 SF
Building Class
B
Year Built
2001
Price
$6,848,485 CAD
Price Per SF
$2,377.95 CAD
Cap Rate
4.90%
NOI
$335,603 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.18 AC
Zoning
C

Amenities

  • Pylon Sign
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Crunch Fitness
CrossFit

Property Taxes

Property Taxes

Parcel Number
24-44-23-C1-01027.0010
Land Assessment
$1,290,697 CAD
Improvements Assessment
$2,490,875 CAD
Total Assessment
$3,781,571 CAD
  • Listing ID: 40212253

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 1021 Santa Barbara Blvd, Cape Coral, FL 33991

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