July 31, 2024 – Jarett Zackman, Kenneth Salute, Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a 76 Gas Station in Fort Myers, Florida. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $3,400,000.
The 76 Gas Station & Convenience Store is located at 7137 Maida Lane in Fort Myers, Florida. 76 has 15+ years remaining on an Absolute NNN Lease with two (2), 10-Year Renewal Options. The lease features attractive 2% annual rent increases throughout the primary lease term and each of the renewal option periods. The 76 Gas Station & Convenience Store is well positioned at the signalized intersection of Maida Lane and Gladiolus Drive (SR 865), one of the area’s primary commercial and commuter corridors which sees more than 41,500 vehicles per day. The Property enjoys outstanding visibility and frontage and has two points of entry and egress along two roads, allowing for excellent accessibility. The Property is 1.2-mile from the signalized intersection with S Tamiami Trail (US Route 41), which is home to numerous national retailers and restaurants including Walmart Supercenter, that drive traffic to the area. The Property is also within 3-miles of three prestigious country clubs, and several area schools. Additionally, the Property is surrounded by densely developd residential neighborhoods that provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.