11711 NE 62nd Ter - Convenience Store FOR SALE


The Villages, FL 32162
$13,003,168 USD
786-522-7013
11711 NE 62nd Ter, The Villages, FL for Sale
$13,003,168 USD
Convenience Store - FOR SALE
1/3
null | 5% Cap Rate

11711 NE 62nd Ter
The Villages, FL 32162


HIGHLIGHTS

  • Newly Constructed, Freestanding 7-Eleven Located at The Signalized Intersection of County Road 466 and NE 62nd Terrace in Lady Lake, Florida
  • Affluent Demographics: $107,916 Average Household Income in a 1-Mile Radius
  • Absolute Net 15-Year Lease with 7-Eleven Generating $650,158 in Annual Rent and Featuring 10% Rental Increases Every Five Years
  • Four, 5-Year Tenant Option Periods Provide Up to 35 Years of Potential Tenancy and Long-Term Income Security
  • Situated on a 2.14-Acre Parcel with a 4,853 SF Modern Prototype Building and Seven Multi-Product Fuel Dispensers
  • Immediate Access to The Villages, the Largest Master-Planned Retirement Community in the U.S. with a Population Exceeding 120,000 Residents

OVERVIEW

This offering presents the opportunity to acquire a newly developed, freestanding 7-Eleven convenience store with fuel, strategically positioned at the signalized intersection of County Road 466 and NE 62nd Terrace in Lady Lake, Florida. The property sits on a 2.14-acre parcel with excellent frontage and access along one of the most heavily trafficked east–west corridors serving Lady Lake and The Villages. The 4,853 square foot building is of modern prototype construction and is complemented by seven multi-product fuel dispensers, providing a full-service convenience and fuel offering designed to capture both commuter and destination traffic. The investment is secured by a 15-year absolute net lease to 7-Eleven, one of the most recognized and creditworthy convenience retailers in the world. The lease generates $650,158 in annual rent, with 10 percent rental increases every five years, providing predictable and growing cash flow. At the end of the primary term, the tenant holds four additional five-year option periods, extending the potential lease term to 35 years. The combination of long-term tenancy, contractual rent escalations, and minimal landlord responsibilities makes this asset particularly attractive to investors seeking durable income and inflation protection. County Road 466 is widely regarded as one of the most dynamic retail corridors in Central Florida, serving as a primary commercial spine for The Villages and Lady Lake. The immediate trade area is anchored by national and regional retailers including Publix, Walmart Neighborhood Market, Target, Winn-Dixie, CVS, Walgreens, Aldi, and multiple quick-service and casual dining concepts, creating consistent daily traffic drivers. Significant new retail and residential development continues along CR 466, reinforcing its role as a dominant convenience and necessity-based retail corridor. Lady Lake benefits directly from its proximity to The Villages, the largest and fastest-growing master-planned retirement community in the United States. The Villages has a population exceeding 120,000 residents, with exceptionally strong household density and daytime populations driven by retail, healthcare, and recreation. The area has experienced sustained population growth, with five-mile population projections exceeding 125,000 residents by 2029, and an average age that aligns perfectly with convenience retail and fuel demand patterns. Lady Lake itself has seen approximately 15 percent population growth over the past decade, while still maintaining a business-friendly environment and limited infill opportunities along major corridors such as CR 466. This constrained supply dynamic, combined with relentless residential growth from The Villages, creates a compelling backdrop for long-term retail performance. In summary, this 7-Eleven investment offers a rare combination of prime real estate, best-inclass tenant credit, long-term lease security, and exposure to one of Florida’s most resilient and fastest-growing retail markets. The property is ideally suited for investors seeking stable income, strong residual value, and long-term appreciation driven by demographic momentum and irreplaceable corridor positioning.

FOR SALE DETAILS

PRICE

$13,003,168 USD

PRICE/SF

$2,679 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Lady Lake, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

CH

APN/PARCEL ID

D15F013F

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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