49599 Highway 27 - Convenience Store FOR SALE
Davenport, FL 33897 |
49599 Highway 27
Davenport, FL 33897
HIGHLIGHTS
- New Construction: 7-Eleven’s new prototype featuring a Laredo Taco and drive-thru car wash. Projected rent commencement and grand opening is June 9th
- Investment-Grade Credit Tenant: 7-Eleven S&P Credit Rating A
- Long-term Lease: 15-year initial term with (4) 5-year renewal options.
- Scheduled Rent Increases: 10% rent increases every 5 years throughout initial term and renewal terms.
- Exponential Population Growth: 3-Mile Population Growth: 138%; 3-Mile Household Growth: 123% (2010-2021); Over 5,000 homes under development nearby.
- High-Traffic Signalized Outparcel: 43,000 vehicles per day with ingress/egress to US-27, as well as cross access to the signalized intersection.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station
TOTAL BUILDING SIZE
4634
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
108
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
26-25-13-998012-000010
