10601 Narcoossee Rd - Convenience Store FOR SALE


Orlando, FL 32832- Lake Nona
$6,017,000 USD
404-504-7900
10601 Narcoossee Rd, Orlando, FL for Sale
$6,017,000 USD
Convenience Store - FOR SALE
1/4
null | 4.35% Cap Rate

10601 Narcoossee Rd
Orlando, FL 32832
Lake Nona


HIGHLIGHTS

  • Fee Simple Ownership | Potential Bonus Depreciation
  • Top-Visited Location
  • Absolute NNN Lease with Early 15-Year Extension
  • Population: 2020-2024 annual growth rate of 4.72% and a projected 7.86% annual growth rate for the 2024-2029 period.
  • Affluent and Growing Household Incomes

OVERVIEW

CBRE is pleased to exclusively offer for sale the 5,000 square-foot 7-Eleven on 1.25 acres in Orlando, FL (MSA population: 2.83M). After previously executing its first 5-year renewal option, 7-Eleven recently agreed to an early 15-year lease extension. Notably, this extension was secured without any rent concessions, demonstrating 7-Eleven's commitment to the location. The lease currently features ±15.6 years of term remaining with a 10% rent increase in 2031, 2036 and in each of the three, 5-year renewal options.

FOR SALE DETAILS

PRICE

$6,017,000 USD

PRICE/SF

$1,203 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven: Orlando, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

P-D

APN/PARCEL ID

08-2431-1602-00-020

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.