24535 Florida 40 - Convenience Store FOR SALE


Astor, FL 32102
$8,816,000 USD
415-690-5522
24535 Florida 40, Astor, FL for Sale
$8,816,000 USD
Convenience Store - FOR SALE
1/7
null | 4.75% Cap Rate

24535 Florida 40
Astor, FL 32102


HIGHLIGHTS

  • New 15-year absolute NNN lease to 7-Eleven, the world’s leading convenience store chain operating 13,000 + locations in the U.S.
  • 10% rental increases every five (5) years in initial term and four (4) five-year option periods, ensuring consistent income growth.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • 7-Eleven generates over $30B in annual U.S. revenue, driven by iconic brands like Slurpee and Big Gulp.
  • 7-Eleven’s universal brand recognition makes it a cornerstone in high-traffic locations, drawing customers across demographics.

OVERVIEW

This newly constructed 7-Eleven benefits from a strong waterfront location near the St. Johns River and Lake George, drawing recreational boaters, anglers, RV travelers, and tourists. With limited local competition and marine fuel offerings, the property captures premium fuel margins while serving a trade area of over 37,500 residents with average household incomes exceeding $108,000. Built in 2026 on a 3.03-acre site, the store features the latest 7-Eleven prototype and 12 fuel positions, positioning it as a key convenience and fuel destination for both local residents and waterfront visitors.

FOR SALE DETAILS

PRICE

$8,816,000 USD

PRICE/SF

$8,601 USD /SF

CAP RATE

4.75%

% 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

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,987 SF

ZONING

CP

APN/PARCEL ID

30-15-28-0100-026-00301

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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