New prototype 7-Eleven store sold in the Sarasota MSA

November 13, 2019 – JLL announced today that it has closed the $2.89 million sale of a 0.95-acre, single-tenant parcel that is ground leased to a new prototype 7-Eleven...
7 Eleven Lakewood

November 13, 2019 – JLL announced today that it has closed the $2.89 million sale of a 0.95-acre, single-tenant parcel that is ground leased to a new prototype 7-Eleven store within the Lakewood Ranch master-planned community in Bradenton, Florida.

JLL marketed the property on behalf of the seller, a partnership between North American Development Group and Argosy Real Estate Partners.

With more than 66,000 stores serving 17 countries, 7-Eleven, Inc. (S&P: AA-) is the world’s largest store chain in the convenience retailing industry. 7-Eleven fronts The Green at Lakewood Ranch, a newly built shopping center home to Earth Fare, LA Fitness, Starbucks, CVS, Panera Bread and more. The 7-Eleven store features a modern design with dark stone façade accents to complement the shopping center. It is within the 31,000-acre Lakewood Ranch award-winning master-planned community located on the line of Sarasota and Manatee counties on Florida’s west coast. Within a three-mile radius, the population exceeds 38,000, average household incomes are nearly $125,000 and businesses employ over 15,000 people. Only 17 submarkets in all of Florida can match the demographics surrounding 7-Eleven in Lakewood Ranch.

The JLL Capital Markets team that represented the seller was led by Senior Managing Director Brad Peterson and Director Michael Brewster along with Managing Director Marc Mandel and Director Steve Schrenk.

“7-Eleven at Lakewood Ranch fulfills a deep need for a best-in-class convenience store and fueling station along FL-70 in one of the fastest-growing communities in the U.S.,” Brewster said. “7-Eleven will benefit from phenomenal residential growth and a projected four million square feet of medical, life sciences, research, office and hotel space to be added next door at the CORE at Lakewood Ranch.”

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