2811 Joleen Dr - Convenience Store FOR SALE


Eustis, FL 32726
$8,387,000 USD
415-690-5522
2811 Joleen Dr, Eustis, FL for Sale
$8,387,000 USD
Convenience Store - FOR SALE
1/6
null | 5.15% Cap Rate

2811 Joleen Dr
Eustis, FL 32726


HIGHLIGHTS

  • New 15-year absolute NNN lease, corporately backed by over 9,500 U.S. locations, offering investors a secure, long-term income stream
  • 10% rental increases every five years across the initial term and three (3) five-year options ensure consistent income growth.
  • Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment

OVERVIEW

Positioned at Hwy 44 and E Orange Ave in Eustis, FL, the property benefits from 12,900 AADT on E Orange Ave and 7,917 AADT on Hwy 44. Nearby retailers like Winn-Dixie (0.5 miles) and Dollar General draw consistent shoppers from a five-mile population of 68,125. Its Orlando MSA location ensures access to a vibrant, growing market. The 15-year absolute NNN lease with 7-Eleven, Inc., starting in 2025, shifts all expenses—taxes, insurance, maintenance, roof, structure, and parking lot—to the tenant. With 10% rent increases every five years and three (3) five-year options, the lease delivers secure income through 2040 and beyond. This structure offers investors a low-maintenance, high-yield opportunity: The integrated car wash diversifies the property’s appeal, attracting additional customers beyond traditional c-store patrons. This feature complements 7-Eleven’s high-traffic model, with 42.2% of one-mile adults buying gas at c-stores monthly. The car wash strengthens the site’s position as a multi-faceted retail destination. 7% of one-mile adults shopped at a c-store in the past six months (MPI 103), with 23.8% spending $100+ monthly (MPI 101). The five-mile population of 68,125, up 33.7% since 2010, ensures steady traffic. The one-mile average household income of $102,377 supports frequent convenience purchases. Completed in 2025, the 4,750 SF building on a 2.00-acre lot meets 7-Eleven’s modern standards, offering a fresh, customer-friendly design. The new construction minimizes near-term maintenance, boosting investor returns. Its layout supports high customer volume, ideal for Eustis’s expanding market. The one-mile average household income of $102,377 is projected to reach $118,411 by 2029, reflecting strong purchasing power. The five-mile population is expected to grow 4.6% to 71,246, with average household income rising 16.7% to $106,865. These trends ensure the property’s long-term stability and growth potential.

FOR SALE DETAILS

PRICE

$8,387,000 USD

PRICE/SF

$1,766 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven, Inc.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

3.54 AC

LAND SF

154,179 SF

ZONING

R6

APN/PARCEL ID

07-19-27-0002-000-03400

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.