7-Eleven 12270 Mercado Dr 4,089 SF Retail Building Venice, FL 34293 $3,878,962 CAD ($948.63 CAD/SF) 4.55% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased 7-Eleven property located in Venice, Florida, within the North Port-Bradenton-Sarasota MSA. The store was newly constructed in 2020 and operates 24/7 under a corporate lease through May 2040. The subject lease is absolute triple net presenting no landlord responsibilities. The lease includes 10% rent increases every ?ve years during the initial term and during the four renewal options. This location features a very low absolute rent of $126,500 compared to other 7-Eleven locations.
The 4,089-square-foot 7-Eleven is positioned on an outparcel to the newly developed West Villages Marketplace, anchored by Publix. The center is part of the expansive Wellen Park master-planned community, which includes over 22,000 homes under development. The property bene?ts from excellent visibility and convenient access along South Tamiami Trail (30,500 VPD). It is located just minutes from the State College of Florida, Manatee–Sarasota, which enrolls more than 8,500 students. Surrounding national retailers include Costco, Fifth Third Bank, Primrose School, Chase Bank, Dunkin’, Ace Hardware, and UPS. The immediate area features affluent demographics, with an average household income exceeding $160,000 within one mile and a population of more than 62,000 residents within five miles. According to CoStar, the local population is projected to grow by over 20% through 2029.
7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic 7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over 84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas, and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing the first self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.