1818 Longwood Lake Mary Rd - Convenience Store FOR SALE


Lake Mary, FL 32746
$3,590,400 USD
703-477-1315
1818 Longwood Lake Mary Rd, Lake Mary, FL for Sale
$3,590,400 USD
Convenience Store - FOR SALE
1/12
null | 5% Cap Rate

1818 Longwood Lake Mary Rd
Lake Mary, FL 32746


HIGHLIGHTS

  • Absolute NNN Lease | 10% Increase in 2031
  • Five, 5-Year Renewal Options | 7.5% Increase in Options 1-4 | FMRV Increase in Option 5
  • Long-Term Operating History of 24 Years
  • Located at the Intersection of Longwood Lake Mary Rd (15,600 VPD) and N. Ronald Reagan Blvd (10,900 VPD)
  • 1 Mile West of 17-92 Highway (39,000 VPD)
  • Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 3.92M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 2,965-square-foot 7-Eleven Gas Station & Convenience Store situated on 1.61 acres in Longwood, Florida — part of the Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 2.93M+). 7-Eleven’s absolute NNN lease features ±10.5 years of primary term remaining with a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first four options and is set to FMRV in the fifth option.

FOR SALE DETAILS

PRICE

$3,590,400 USD

PRICE/SF

$1,221 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

CROSS STREETS

Ronald Reagan Blvd.

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

PCD

APN/PARCEL ID

29-20-30-300-007H-0000

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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