1290 E Lake Rd S - Convenience Store FOR SALE
Tarpon Springs, FL 34688 |
$4,919,400 USD
561-512-1658
1290 E Lake Rd S
Tarpon Springs, FL 34688
HIGHLIGHTS
- Top Performing Store Nationwide (Per AlphaMaps): Ranked in the 99th percentile nationally for customer foot traffic
- Absolute NNN Lease: Structured as an absolute NNN lease, providing 100% passive income with zero landlord responsibilities
- Strong Site Commitment: 7-Eleven recently executed a 10-year lease extension, underscoring long-term commitment to this location
- Investment Grade Credit: 7-Eleven carries an “A-” credit rating from Standard & Poor’s, offering exceptional income security
- Bonus Depreciation Eligible: Gas stations qualify for bonus depreciation which allows you to write off the majority of the purchase in year one
- Attractive Rental Growth: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation
FOR SALE DETAILS
PRICE
$4,919,400 USD
PRICE/SF
$1,863 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.01 AC
LAND SF
43,996 SF
ZONING
-
APN/PARCEL ID
22-27-16-23970-000-0010
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561-512-1658
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561-512-1658
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