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7-Eleven 1290 E Lake Rd S 2,940 SF 100% Leased Retail Building Tarpon Springs, FL 34688 $6,820,453 CAD ($2,319.88 CAD/SF) 4.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Top Performing Store Nationwide (Per AlphaMaps): Ranked in the 99th percentile nationally for customer foot traffic
Strong Site Commitment: 7-Eleven recently executed a 10-year lease extension, underscoring long-term commitment to this location
Bonus Depreciation Eligible: Gas stations qualify for bonus depreciation which allows you to write off the majority of the purchase in year one

Absolute NNN Lease: Structured as an absolute NNN lease, providing 100% passive income with zero landlord responsibilities
Investment Grade Credit: 7-Eleven carries an “A-” credit rating from Standard & Poor’s, offering exceptional income security
Attractive Rental Growth: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Convenience Store

Building Size

2,940 SF

Building Class

Year Built

2000

Price

$6,820,453 CAD

Price Per SF

$2,319.88 CAD

Cap Rate

4.75%

NOI

$323,974 CAD

Percent Leased

100%

Building Height

1 Story

Building FAR

0.07

Lot Size

1.01 AC

Frontage

163’ on LAKE RD

PROPERTY TAXES

Parcel Number	22-27-16-23970-000-0010	Improvements Assessment	$1,103,700 CAD
Land Assessment	$690,911 CAD	Total Assessment	$1,794,611 CAD

PROPERTY TAXES

Parcel Number

22-27-16-23970-000-0010

Land Assessment

$690,911 CAD

Improvements Assessment

$1,103,700 CAD

Total Assessment

$1,794,611 CAD

(561) 512-1658

CONTACTS

Jake Lurie
Daniel Gonzalez
Andrew Doerr
Matthews Real Estate Investment Services

Listing ID: 39018300
Date on Market: 2026-01-08
Last Updated:
Address: 1290 E Lake Rd S, Tarpon Springs, FL 34688

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