7-Eleven at 6348 Collins Avenue in Miami Beach (Google Maps, iStock)
Power Petroleum bought a Miami Beach 7-Eleven with a gas station for $11.25 million, the same amount as the listing price, the brokers said.
The Pompano Beach-based, family owned petroleum supplier bought the property at 6348 Collins Avenue from Ivelise Daily, as trustee of the Sarah D. Brito Revocable Living Trust.
Alejandro D’Alba and Scott Sandelin of Marcus & Millichap in Miami had the listing on behalf of the seller.
The buyer will rebrand it as a Mobil gas station, and the 7-Eleven is now shuttered, D’Alba said.
The 4,370-square-foot retail property includes the convenience store that had been in operation since 2009, according to D’Alba and Sandelin. It had historically high sales as it’s the only gas station-convenience store in this part of North Beach.