12270 Mercado Dr

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 five 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 benefits 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.