19911 Ryffel Way
Fort Myers, FL 33967
7-Eleven · Retail Property For Sale

7-Eleven’s new, 15-year, lease features six, five-year renewal options and 10 percent increases every five years throughout both base term and option periods. This opportunity presents itself as a stabilized investment with more than 13 years remaining on the base term. Constructed in 2016, 7-Eleven is brand new. The lease is corporately guaranteed by 7-Eleven which operates, franchises and licenses more than 60,000 stores in 18 countries, of which nearly 10,700 are in North America. Consumers can easily access this 7-Eleven on Estero Parkway, with a traffic count of 12,000 vehicles per day, and Three Oaks Parkway, with a traffic count of 15,000 vehicles per day. 7-Eleven is within the immediate vicinity of an interchange to Interstate 75, which is one of the major roadways in the area and has a traffic count of approximately 100,000 vehicles per day. The property is surrounded by major retail tenants including Target, Best Buy, Dick’s Sporting Goods, Bass Pro Shops, JCPenney, Winn Dixie, P.F. Chang’s, Outback Steakhouse, Carrabba’s Italian Grill, McDonald’s, CVS and many more. 7-Eleven is strategically positioned, three miles from Florida Gulf Coast University, which serves over 12,500 students and was ranked among the First-Tier Regional Universities in the Southern United States by U.S. News and World Report and eight miles from Southwest Florida International Airport-the second-busiest single-runway airport in the U.S. It is also within close proximity to Florida Southwestern State College and Cape Coral. 7-Eleven is located in a central location with robust demographics. The property is directly in front of the Estero Oaks, brand new luxury rental apartments and across the street from The Reef, which is student housing for Florida Gulf Coast University. While Fort Myers is also best known for its picturesque coastlines, which are among some of the most beautiful in the world, the region was named #1 on Forbes’ 2017 “America’s Fastest-Growing Cities” which is determined by growth of population, employment, wages, economic output and home price growth as a proxy for wealth. Cape Coral-Ft. Myers is experiencing the largest surges in growth rates and projections. In the last decade Lee County has prompted significant growth in the workforce, education and infrastructure. In 2016, the Fort Myers area created 4,200 new jobs - the industries with the largest job gains in Fort Myers were education and health services with 2,000 new jobs and trade, transportation and utilities with 2,200 new jobs.