Brand-new 7-Eleven | 15 Yrs NNN | FL | 31631 State Road 44
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Brand-new 7-Eleven | 15 Yrs NNN | FL 31631 State Road 44
4,903 SF Retail Building Eustis, FL 32736 $6,696,000 ($1,366/SF) 5.50% Cap Rate
Investment Highlights
- Recently built property, interior and exterior in excellent condition.
- Walkable distance to Spruce Lake.
- Excellent location directly off I-44.
- National tenant, 7-Eleven.
Executive Summary
• Brand-new, state-of-the-art construction with 7-Eleven’s latest prototype
• Top-rated tenant | 7-Eleven has an A, investment-grade credit rating (Standard and Poor’s; Stable outlook) which is stronger than a majority of national retail tenants
• New, 15-year lease with 10% rent increases every 5 years throughout the initial term and options, providing an excellent hedge against inflation
• Ideal market share | This will be the first gas station for over 15 miles when traveling E/NE on Highway 44/State Rd 44
• Excellent access and visibility from Highway 44/State Rd 44 | 12,450 VPD
• Accelerated Depreciation Eligibility | The investment may be eligible for accelerated and/or bonus depreciation (consult your CPA to confirm) which is a significant cash flow advantage from a tax perspective
• Investment is located in an income tax-free state
• 7-Eleven is one of the nation’s largest independent gasoline retailers and has well over 70,000 stores worldwide throughout 18 countries
• Top-rated tenant | 7-Eleven has an A, investment-grade credit rating (Standard and Poor’s; Stable outlook) which is stronger than a majority of national retail tenants
• New, 15-year lease with 10% rent increases every 5 years throughout the initial term and options, providing an excellent hedge against inflation
• Ideal market share | This will be the first gas station for over 15 miles when traveling E/NE on Highway 44/State Rd 44
• Excellent access and visibility from Highway 44/State Rd 44 | 12,450 VPD
• Accelerated Depreciation Eligibility | The investment may be eligible for accelerated and/or bonus depreciation (consult your CPA to confirm) which is a significant cash flow advantage from a tax perspective
• Investment is located in an income tax-free state
• 7-Eleven is one of the nation’s largest independent gasoline retailers and has well over 70,000 stores worldwide throughout 18 countries
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,903 SF
Year Built
2024
Price
$6,696,000
Price Per SF
$1,366
Cap Rate
5.50%
NOI
$368,285
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.43 AC
Opportunity Zone
Yes
Zoning
CP - Commercial
Parking
14 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
517 FT on Florida 44
PROPERTY TAXES
| Parcel Number | 08-18-29-0200-00D-01100 | Improvements Assessment | $0 |
| Land Assessment | $898,879 | Total Assessment | $898,879 |
PROPERTY TAXES
Parcel Number
08-18-29-0200-00D-01100
Land Assessment
$898,879
Improvements Assessment
$0
Total Assessment
$898,879
Learn More About Investing in Retail Properties
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Brand-new 7-Eleven | 15 Yrs NNN | FL | 31631 State Road 44
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.