6411 Lake Andrew Dr
Melbourne, FL 32940
7-Eleven | New 15yr Abs NNN | S&P: AA- · Retail Property For Sale

7-Eleven is strategically located at the signalized, hard corner intersection of Judge Fran Jamieson Way and Lake Andrew Dr., with a combined 26,900 vehicles passing by daily. The site benefits from nearby on/off ramp access to Interstate 95 (55,000 VPD), the primary north/south freeway traveling throughout the East Coast. The property is ideally situated adjacent to The Avenue Viera, a 600,000 SF open power center anchored by Kohl’s, Office Depot, Michaels, and AMC Avenue 16. The Avenue offers a dynamic mix of premier national retailers, select local merchants, and specialty restaurants, reflective of the local demand and fashion trends. Lake Andrew Drive is the primary retail corridor serving Viera, featuring a variety of national/credit tenants including a 24-hour Walmart Supercenter, Target, Hobby Lobby, Ross Dress for Less, T.J. Maxx, HomeGoods, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for 7-Eleven. Viera is one of the fastest growing communities in Florida with over 20,000 acres of master planned communities. 7-Eleven is positioned adjacent to Three Fountains of Viera, an alluring gated community of condominiums. In addition, the asset is surrounded by several apartment complexes including Highlands Viera West (240 units), The Artisan at Viera (259 units), CentrePointe (176 units), and Marisol at Viera (282 units), providing the store with a direct residential consumer base to draw from. The 5-mile trade area is supported by nearly 71,000 residents and 24,500 daytime employees with an affluent average household income of $101,000.