2605 E Highway 50 - Convenience Store FOR SALE


Clermont, FL 34711- Johns Lake
$6,388,300 USD
404-504-7900
2605 E Highway 50, Clermont, FL for Sale
$6,388,300 USD
Convenience Store - FOR SALE
1/3
null | 4.5% Cap Rate

2605 E Highway 50
Clermont, FL 34711
Johns Lake


HIGHLIGHTS

  • Opened in 2003, 7-Eleven boasts a long-term operating history of more than 22 years.
  • Investors benefit from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
  • Top-Visited Location
  • Surrounded by Shopping Centers
  • Across From Summit Greens | Dense Residential Area

OVERVIEW

CBRE is pleased to exclusively offer for sale the 2,960 square-foot 7-Eleven on 1.63 acres in Clermont, FL- a component of the broader Orlando-Kissimmee-Sanford MSA (Population: 2.83M). After previously executing its first two, 5-year renewal options, 7-Eleven recently agreed to an early 15-year lease extension. Notably, this extension was secured with minimal rent concessions, demonstrating 7-Eleven's commitment to the location. The lease now features ±18.1 years of term remaining with a 10% rent increase in 2034, 2039 and in each of the two, 5-year renewal options. Opened in 2003, 7-Eleven boasts a long-term operating history of more than 22 years.

FOR SALE DETAILS

PRICE

$6,388,300 USD

PRICE/SF

$2,158 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven: Clermont, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

C-2

APN/PARCEL ID

27-22-26-0002-000-02900

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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

Brian PfohlCBREMore Info
404-504-7900

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