4670 Seminole Pratt Whitney Rd - Convenience Store FOR SALE


City Of Westlake, FL 33470- Outer Royal Palm Beach/Wellington
$14,400,000 USD
303-901-2120
4670 Seminole Pratt Whitney Rd, City Of Westlake, FL for Sale
$14,400,000 USD
Convenience Store - FOR SALE
1/16
null | 5% Cap Rate

4670 Seminole Pratt Whitney Rd
City Of Westlake, FL 33470
Outer Royal Palm Beach/Wellington


HIGHLIGHTS

  • Long-term NNN lease with 7-Eleven through May 2037, minimizing landlord obligations
  • Newly constructed in 2021 with modern design and 16 fueling positions
  • Located on a high-traffic corridor with over 19,000 vehicles per day
  • Surrounded by growing residential communities and major employers in Palm Beach County
  • Strong income demographics with average household income above $150,000 within five miles
  • Scheduled rent escalations every five years provide built-in income growth

OVERVIEW

This single-tenant 7-Eleven property in Westlake, Florida, offers a rare opportunity to acquire a long-term, net-leased asset in a rapidly growing Palm Beach County market. Built in 2021, the 4,500-square-foot building sits on 1.89 acres and features 16 fueling positions, ensuring strong customer traffic and operational efficiency. The property is 100% occupied under a triple-net (NNN) lease structure, providing investors with stable, predictable income and minimal landlord responsibilities. The lease runs through May 2037 with built-in rental escalations every five years, enhancing long-term cash flow. Current annual rent is $756,000, with a normalized cap rate of 5.25%. Positioned along Seminole Pratt Whitney Road, the site benefits from traffic counts exceeding 19,000 vehicles per day and proximity to major residential developments, retail centers, and employment hubs. Palm Beach County continues to experience robust economic growth, supported by major employers such as Florida Power & Light, Pratt & Whitney, and Florida Atlantic University. The surrounding area boasts strong demographics, with a projected 2026 average household income exceeding $158,000 within a five-mile radius. This asset combines a nationally recognized tenant, a long-term lease, and a high-growth location, making it an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$14,400,000 USD

PRICE/SF

$3,200 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

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

AR

APN/PARCEL ID

77-40-43-12-06-001-0000

ASK ABOUT THIS PROPERTY

Paul ZakovichBiltmore Realty Ltd.More Info
303-901-2120

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

Paul ZakovichBiltmore Realty Ltd.More Info
303-901-2120

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