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Auto Service - Gas-Conv

7-11 Brand New Construction 15 Year NNN Lease

44 S Fish Camp Rd, Grand Island, FL 32735

Listing Price: $8,175,913

Cap Rate
4.65%
Tenant Name
7-Eleven
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
4,597
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$82.70

Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant 7-Eleven located in Eustis, Florida. Eustis is in Lake County and part of the Orlando-Kissimme-Sanford MSA. The fee simple lease, backed by 7-Eleven Corporate, will have a 15-year lease with 10 percent increases in rent every five years and four, five-year options to extend with an expected rent commencement of October 2022. This is an ideal passive investment opportunity with zero landlord responsibilities being offered at a 3.90 percent capitalization rate. The subject property consists of a 4,597 square foot retail space, a singlerow canopy with eight dispensers (16 fueling stations) with ample parking on a large 2.11-acre parcel and site layout allowing for boat fueling. It is strategically located at the signalized hard corner of State Road 44 and Fish Camp Road with 16,200 vehicles per day. The property benefits from the 54,693 residents in a 5-mile radius and an average household income of $93,814 in the immediate area. The area is projected to see explosive growth of 13 percent by 2026. The 7-Eleven is situated between two boatable lakes with multiple boat ramps less than one mile away. Lake Eustis is a 7,000-acre lake is the center lake in the vast Harris Chain of Lakes. To the north is Lake Yale a 4,020-acre lake. Floridians and visitors frequently sail and fish on these lakes. 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 68,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.

Investment Highlights

  • 15 Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Brand New Construction 7-Eleven Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
  • Large 2.11 Acre Parcel
  • Attractive Rent Growth | 10% Increases Every 5 Years
  • Growing Market | Population Projected to Grow 13% by 2026
  • Florida is a "No Income Tax State"
  • Pump Layout Allows For Boat Fueling

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

7-11 Brand New Construction 15 Year NNN Lease

Listing Price: $8,175,913

Cap Rate
4.65%
Tenant Name
7-Eleven
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
4,597
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$82.70

Investment Highlights

  • 15 Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Brand New Construction 7-Eleven Corporate Guarantee | 68,000+ Locations and S&P Credit Rating: AA-
  • Large 2.11 Acre Parcel
  • Attractive Rent Growth | 10% Increases Every 5 Years
  • Growing Market | Population Projected to Grow 13% by 2026
  • Florida is a "No Income Tax State"
  • Pump Layout Allows For Boat Fueling

Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant 7-Eleven located in Eustis, Florida. Eustis is in Lake County and part of the Orlando-Kissimme-Sanford MSA. The fee simple lease, backed by 7-Eleven Corporate, will have a 15-year lease with 10 percent increases in rent every five years and four, five-year options to extend with an expected rent commencement of October 2022. This is an ideal passive investment opportunity with zero landlord responsibilities being offered at a 3.90 percent capitalization rate. The subject property consists of a 4,597 square foot retail space, a singlerow canopy with eight dispensers (16 fueling stations) with ample parking on a large 2.11-acre parcel and site layout allowing for boat fueling. It is strategically located at the signalized hard corner of State Road 44 and Fish Camp Road with 16,200 vehicles per day. The property benefits from the 54,693 residents in a 5-mile radius and an average household income of $93,814 in the immediate area. The area is projected to see explosive growth of 13 percent by 2026. The 7-Eleven is situated between two boatable lakes with multiple boat ramps less than one mile away. Lake Eustis is a 7,000-acre lake is the center lake in the vast Harris Chain of Lakes. To the north is Lake Yale a 4,020-acre lake. Floridians and visitors frequently sail and fish on these lakes. 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 68,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.

Exclusively Listed By

Financing By

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